VANCOUVER, British Columbia, Dec. 20, 2017— Multapplied Networks, Inc. (“Multapplied”) is pleased to announce a letter of intent with Victory Square Technologies Inc. (“Victory Square”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) to acquire up to 20% of Multapplied in exchange for cash and other consideration to be determined upon execution of a definitive agreement.

“Victory Square has a stellar track record of rapidly growing and scaling businesses into impactful global market leaders,” states Johan Arnet, CEO of Multapplied Networks. “Our vision of enabling a global decentralized private Internet is nearing fruition and we require a dynamic partner with whom to properly grow and deploy this technology. Victory Square is that partner.”

Multapplied’s focus will be to utilize our proprietary Software-defined Wide Area Networking software as the basis of a global decentralized Internet offering that expands the availability and reach of high reliability, high bandwidth private networking and Internet to more end-customers.
“This acquisition exemplifies Victory Square’s mandate to continue investing in companies with game-changing potential that are redefining the industries in which they operate,“ said Victory Square’s CEO, Shafin Diamond Tejani.

“We believe in Multapplied’s vision of a global decentralized Internet and look forward to continuing to find synergies between their networking capabilities and all of our portfolio companies,” continued Tejani. “We are confident that a strategic implementation of blockchain technology into Multapplied’s platform will allow Multapplied to build upon its impressive global network of service provider clients.”

Multapplied has a clear go-to-market strategy for a global blockchain-enabled networking economy. In consultation with Victory Square portfolio company Blockchain Assembly, we will look to raise additional funds for the development and implementation of our blockchain platform by performing a Token Generation Event.

Multapplied is the only white-label platform designed exclusively for service providers to deploy SD-WAN solutions easily for their customers. We deliver our technology through a portfolio of global channel partners, including major service partners in North America, Europe, Asia, Africa, and Australia. The technology is designed to enable service providers to seamlessly integrate SD-WAN technology into their existing service offerings, while reducing cost, increasing quality of service, and enhancing customizability and performance monitoring.

For further information about the company contact: Multapplied Investor Relations

Telephone: 1 (866) 578-6957

About Multapplied: Multapplied Networks is changing the traditional telecom and networking model with a simple and reliable Internet-enabled software platform. Our SD-WAN platforms powers Service Provider networks and allows them to simplify enterprise and SMB customer networks while mitigating the risk of downtime by combining multiple Internet connections into a single, resilient, and easily-managed virtual connection. In short, we make the Internet better for organizations by offering a wide range of features and functionality to relieve issues related to scale, security, and quality.

About Victory Square: Victory Square is a venture builder that creates, funds and empowers entrepreneurs predominantly focused on Blockchain Technology, Virtual Reality, Artificial Intelligence, Personalized Health, Gaming and Film. As a technology incubator, Victory Square invests in game-changing entrepreneurs who are provided access to education programs, global mentorship networks, distribution partners, creative workspaces, resources and other forms of operational support to help them scale internationally.

Contact Sales
Book a Demo