Victory Square Technologies announced it signed a letter of intent to purchase 20% of software-defined wide-area networking (SD-WAN) blockchain company Multapplied Networks (MNI). The company said it would acquire 20% of all issued and outstanding securities in MNI in exchange for cash and other considerations to be determined upon execution of a definitive agreement.
SD-WAN is a way of applying the principles of software-defined networking (SDN) to WAN connections, which keep networks connected. Dating back to the early 90s, the SD-WAN market has undergone an exponential boom with the rise of the cloud and web connected devices.
