Advanced Micro Devices, Inc. acquires custom software engineering resources and consulting services from Acceleware Ltd.

1 minute read
22 October 2018

On Oct. 22, 2018, Acceleware Ltd. (TSXV: AXE) announced that it had signed an agreement with a Canadian affiliate of Advanced Micro Devices, Inc. (NASDAQ: AMD) ("AMD").

Under the agreement, Acceleware will receive cash compensation of US$2.51 million from AMD in exchange for custom software engineering resources and consulting services.  As part of the agreement, Acceleware's custom software development team will transition to a new AMD site in Calgary, expanding AMD's existing footprint in Canada. Acceleware will also provide consulting services to AMD.

Gowling WLG advised AMD with respect to the negotiation of this agreement with a team that included Bryce Kraeker, Jennifer Koschinsky and Zafar Jaffer.

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