"Over the last few months we have had discussions with investors, advisors and our board about our capital structure. By completing this reverse stock split, we expect to gain broader access to the institutional investment community, it is also one of the required steps for us to relist on a major exchange. This strengthened position will provide us the opportunity to fund future transactions which may be required for growth of the company", said Ron DeSerranno CEO of B-Scada.
B-Scada provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition), IoT (Internet of Things) and Smart City domains. B-Scada systems are sold worldwide in various verticals including building automation, transportation, smart grid, manufacturing, agriculture and commerce. B-Scada solutions are deployed onsite and as cloud-hosted solutions in a SaaS (Software as a Service) model.