Canadian Digital Health Care Organization WELL Health To Acquire Source 44 Cybersecurity Firm

WELL Health Technologies, (WELL), a Canadian digital health care provider organization, entered an agreement to acquire Source 44 Consulting Incorporated (Source 44), a cybersercurity service firm, for $6.3 million in cash plus $2.1 million in WELL common stock shares. WELL will acquire all Source 44 issued and outstanding shares. The transaction is expected to close by December 1, 2020.

Source 44 will continue to be operated by founders Peter Giannoulis and Robert Kostecki, and will be situated in WELL's cybersecurity business unit Cycura Data Protection Corp.  The parties will look to leverage Source 44's capabilities to . . .