ITEM 2.01:
Completion of Acquisition or Disposition of Assets.
On April 10, 2015, Quadrant 4 System Corporation (the “Company”) formally completed the acquisition of Brainchild Corporation (“Brainchild”) pursuant to an agreement effective January 1, 2015. Under the acquisition agreement, the Company took operational control of the assets of Brainchild effective January 1, 2015 and has now completed integration of those assets into Company’s organization and technology platform. From an accounting standpoint, the assets will be integrated effective January 1, 2015. The Company reached milestones allowing final consummation as of April 10, 2015.
