AGC Partners is pleased to announce that its client, AirPatrol, a developer of location-based cybersecurity and commercial services for mobile devices, was acquired by Sysorex for $30 million — consisting of $10 million in stock, $10 million in cash, plus up to an additional $10 million in earnout. With a team led by Russ Workman, AGC Partners served as sole financial advisor to AirPatrol.
Russ and the AGC team worked tirelessly as our trusted advisor to deliver a superior outcome to AirPatrol's employees and shareholders. Russ was instrumental in quarterbacking a complex and challenging deal to a successful completion, and Sysorex will provide the perfect home to leverage AirPatrol's mobile and cybersecurity expertise going forward. I would strongly recommend AGC as an M&A advisor.Cleve Adams, CEO, AirPatrol