Symbolic Logic, Inc. was previously known as Evolving Systems, Inc. (EVOL) until the sale of its activation and marketing businesses to Partner One on December 31, 2021.
Following the sale of its assets in December 2021, Symbolic began to evaluate two new areas of product focus, both in the research-oriented pre-release mode: self-learning algorithms and the symbolic tagging and organizing of physical objects.
In July 2022, the Company become a majority owned subsidiary of CCUR Holdings, Inc. Upon the further evaluation of its two new areas of product focus, the Company concluded that it was unlikely to develop commercial revenue generating products without significant additional investment and personnel. As a result, the Company determined it was in the best interest of Symbolic and its stockholders to abandon pursuing these initiatives.
The Company continues to selectively seek new opportunities through potential mergers, acquisitions, and joint ventures. In addition, the Company has begun to concentrate on the financial services sector, with a specific focus on direct lending to both private and publicly traded companies in a variety of industries.