AlphaPoint Technology, Inc. signed a non-binding letter of intent to acquire Ncompass Solutions, Inc. for $3.2 million.
AlphaPoint Technology entered into an agreement to acquire N'compass Solutions for $3.18 million in stock on December 19, 2014. AlphaPoint Technology will issue 127.8 million shares. N'compass will operate as a wholly owned subsidiary of AlphaPoint and will keep its base of operations in Minneapolis. The N'compass leadership team will remain in their current positions. In addition, N'compass President and Chief Executive Officer, Chris Flaherty and Chief Information Officer, Chris Pinc will join the AlphaPoint Board of Directors and take on the roles of AlphaPoint President and Chief Information Officer respectively. Further, Kristi Paul will join the AlphaPoint leadership team as Chief Marketing Officer and Keith Meierhofer will serve as Vice President of Consulting and Special Projects.