DALLAS, TX — (Marketwired) — 07/01/15 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a worldwide leader in intelligent visual communications solutions, announced today it has completed the sale of its Airline Media Network business to Global Eagle Entertainment (NASDAQ: ENT). Terms of the transaction were not disclosed..
The strategic divestiture of our Airline Media Network business will allow us to allocate additional focus to accelerate growth in our core Enterprise business,” said Robert Michelson, Chief Executive Officer and President of RMG Networks. “We see significant long-term growth opportunities in the Enterprise business, and believe this divestiture, along with the other strategic and operational initiatives we have executed, will allow us to more quickly achieve our ultimate goal of sustainable profitability.”
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