Fortress Investment Group and iPass Arrange Strategic Credit Facility
The recent investment news features the credit facility that happened between the Fortress Investment Group and the iPass. Fortress Investment is an established asset management firm that is currently in charge of assets approximated at the value of more than $40 billion. Fortress also has more than 1750 both institutional and private clients around the globe.
On the other hand, iPass is a mobile service provider. iPass offers mobile Wi-Fi connectivity to mobile device users through the SaaS platform. This firm runs more than 64 million hotspots in various locations in the world. This way, iPass is ranked as the utmost Wi-Fi service provider in the world. The credit flair between Fortress Investment Group and iPass was closed at a value close to $20 million.
Benefits of the New Partnership
The new partnership is set to have immense benefits to the operations of the Fortress Investment following the iPass significant potential. This was well documented by the iPass 2016 article that highlighted its exceptional ability to turn around the mobile industry for the better. While this firm has been on the market for years, many individuals are not familiar with its operations and all it has to offer. The new partnership will however promote iPass brand so that it will reach a more significant percentage. For the Fortress Investment , the affiliation will improve their service provision especially in matters pertaining to data collection and planning.
Influence in Critical Areas
Since Fortress Investment was established in 1998, it has worked tirelessly to provide the best asset management services. This way, the new partnership with the iPass will be an added advantage to their philosophy. To this end, Fortress Investment will now be able to work with their clients on the go, and they will be able to reach their customers in the extraterritorial working fields more efficiently. The iPass patent, as well as their assets, secures the new deal that will now allow the clients to have access to the best roaming experiences in the market today.
This also implies that Fortress Investment Group has made one of the most significant decisions to back this innovative technology. This is also an improved investment strategy for the Fortress Investment Group and their clients as the new ventures will now be secured technologically more than before. Boiled down, the two affiliates are also excited about their partnership as they expect to offer services that are more poised to their clients.
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