Merger of SLO tech companies soured by suit | Pacific Coast Business Times

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Merger of San Luis Obispo tech companies soured by lawsuit

By Alex Kacik / Friday, February 3rd, 2017 / Comments Off on Merger of San Luis Obispo tech companies soured by lawsuit

Founder of San Luis Obispo-based TechXpress Bryan Sarlitt sued SpendSmart Networks for allegedly not paying more than $400,000 owed in consulting fees, late dues and penalties. SpendSmart Networks, the publicly traded parent of SMS Masterminds, announced plans to acquire the e-commerce division of TechXpress in 2014 for $1.2 million in a stock-and-cash deal. SpendSmart is…

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