LS Telcom AG (XTRA:LSX) signed a purchase agreement to acquire RadioSoft, Inc. from Peter Moncure on February 26, 2014. The purchase price will be partly paid with own shares of LS telcom AG and in several tranches. A substantial part of the purchase price is dependent on RadioSoft's results. Peter Moncure will remain as Chief Executive Officer of RadioSoft for a transition period. The transaction was approved by the supervisory Board. The completion of the purchase agreement depends on the occurrence of various conditions. The transaction is expected to be completed in the first half of 2014.

LS Telcom AG (XTRA:LSX) completed the acquisition of RadioSoft, Inc. from Peter Moncure on June 10, 2014. All conditions to the transaction are fulfilled.