KloudGaze, Inc. Terminates Asset Purchase Agreement with Life on Earth, Inc.
Summary
Maple Grove, MN, March 24, 2021 --( The agreement for Life on Earth to purchase the assets of KloudGaze in an all-stock transaction, including all intellectual property and existing software infrastructure, was announced in December. “We had hoped that the asset purchase agreement with Life on Earth would jointly help both companies meet its goals in the coming year,” said Sharma. For more information, see Maple Grove, MN, March 24, 2021 --( PR.com )-- KloudGaze, Inc., a U.S. based enterprise cloud software company, has terminated its Asset Purchase Agreement with Life on Earth, Inc., it was announced today.The agreement for Life on Earth to purchase the assets of KloudGaze in an all-stock transaction, including all intellectual property and existing software infrastructure, was announced in December. However, KloudGaze CEO Aditya Sharma said Life on Earth failed to meet its contractual agreements by the specified date and time, and as a result considers the asset purchase agreement (APA) “null and void,” and thus terminated.As required under applicable securities law disclosure rules, Life on Earth said it will advise the public of the Termination via an 8-K filing. Using proprietary algorithms, KloudGaze enables rapid change management by creating a step-by-step framework of code level changes needed in an enterprise, fosters better DevOps and Application Development, and enables applications to move to the cloud of choice (AWS, Azure or Google) automatically at the click of a button.For more information, see www.kloudgaze.com , or contact asharma@kloudgaze.com Click here to view the list of recent Press Releases from KloudGaze