By Ross Wilkers
Apr 14, 2021
ComSovereign has entered into yet another agreement for an acquisition to further build out its portfolio of wireless broadband technology amid the broader ongoing 5G network transformation.
This transaction announced Wednesday will see ComSovereign purchase signal processing system maker Innovation Digital for $8 million in cash, debt and stock. The cash and debt portion totals $1.6 million with the remaining $6.4 million consisting of restricted common stock.
Innovation Digital’s founder Dr. Scott Velazquez will transition to ComSovereign as chief research officer and is credited as a pioneer and expert in signal processing technology that mixes analog and digital techniques.