Vita Mobile Systems Inc. (OTCMKTS:VMSI) jumped 14% after announcing the My2Tum acquisition via a stock exchange agreement. The acquisition of My2Tum will bring new AI tech that enables users to search for the latest safety and health information through the location.
As a result, this will complement the company’s geolocation-reliant social application solutions.CEO Sean Guerrero said the significance of the My2Tum acquisition is massive, and it is a significant milestone for VSMI. He added that the pandemic has shown that timely and accurate safety and health information is necessary for personal and business needs globally.
Most importantly,the information can help businesses support employees to deliver to clients. It will enable people to travel anywhere with the assurance and confidence necessary to make the trip successful. Guerrero added that pursuing the goal of offering the latest geolocation-based data made My2Tum the idea of synergistic acquisition for the company. VSMI is deluged to launch its first My2Tum product expected to be available this fall. With the acquisition, VMSI is a stock to watch.