NEW YORK, Feb. 11, 2015 /PRNewswire/ — Ubiquity Inc. (OTCBB: UBIQ) a provider of IP based mobile services and content based in Irvine, CA recently announced the acquisition of Coversant, Inc. Coversant’s CEO and board member, Dale Okuno, will join Ubiquity’s board of directors, and their management team will be integrated into Ubiquity’s existing corporate structure. Closing of the definitive agreement is subject to completion of due diligence by both parties and execution of other closing conditions. There is no guarantee that these matters will be completed and that the transaction will close.

After a choppy end to 2014, Ubiquity is getting back on track right from the start of the year. The acquisition should boost the company’s revenue through inorganic growth; however, the real challenge will be whether any organic growth can be generated. The company has some other upcoming news that should help bring back the market’s eyes on them as a potential investment opportunity.

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