NetObjex, which is a US based company today announced its acquisition about the Servntire Global of Kerala, India, to expand its product and customer base in the department of blockchain arena. Terms of the deal has still not been disclosed by the company officials.
Servntire Global is a Blockchain solutions company which is working in the field of a Trade Finance product and Real Time Payment Solution offerings in the Fintech space along with a vast array of expertise in the development in the field of Blockchain solution. Apart from that, the company boasts of a customer base that spans four continents. NetObjex, which is based out of Irvine, California, is a Digital Twin Platform company which works on the latest technology like AI, Blockchain and IOT. NetObjex has its working operations in all across the globe which includes the North Americaas well as offices in India, South East Asiaand representatives and partners in Latin America and the Middle East.
“We are very proud to announce our acquisition of Servntire Global. This is a coming together of two companies with complementary skills, technologies and culture. We believe together we not only broaden our product offerings, but also now possess the depth and breadth of skills and personnel to engage and assist clients globally,” stated Raghu Bala, CEO of NetObjex.
“We are very happy to join the NetObjex family. This acquisition provides us a platform to accomplish bigger goals, with a broader reach. The market for distributed ledger technology is growing rapidly, and we believe the combined entity will be a formidable global player,” added Georgey Jacob, CEO of Servntire Global.
The joint entity will now going to have the Blockchain based product offerings in multiple vertical markets which also includes Manufacturing, Supply Chain, Smart Cities, Fintech and more. The team’s experience will also span a wide variety of distributed ledger technologies which includes Ethereum, Hyperledger, Corda, Stellar, IOTA, NEM, BitShares and more.
“We now have a very strong product offering that ties three key technologies (IoT, AI and Blockchain), and broad set of customer implementations of the platform across multiple domains and geographies. The next phase of our evolution would be to expand on this momentum,” noted Bala.