Creative Realities acquired Allure Global Solutions.

Creative Realities, Inc. announced it has completed the acquisition of Allure Global Solutions, Inc. from Christie Digital Systems, Inc. Allure is an industry-leading provider of digital signage, digital menu boards, and digital signage analytics with a strong presence in the quick serve restaurant, entertainment, and theater verticals. Allure offers a complete set of project solutions to clients operating thousands of digital signage installations nationally, including Long John Silver's, AMC Theatres, Levy Restaurants and Coca-Cola. CRI purchased the outstanding stock of Allure for total consideration of $8.5m, or 0.9x fiscal year 2018 revenue, comprised of a combination of cash, seller note and assumption of certain liabilities. CRI would make an additional $2.0m payment to the seller if the Allure's customers actual twelve month revenue exceeds $13m by December 31, 2020, an increase of 38% over fiscal year 2018 revenue.