NetObjex today announced its acquisition of Servntire Global of Kerala, India, to expand its product and customer base in the blockchain arena. Terms of the deal were undisclosed.
Servntire Global is a Blockchain solutions company with a Trade Finance product and Real Time Payment Solution offerings in the Fintech space along with a vast array of expertise in Blockchain solution development. In addition, the company boasts of a customer base that spans four continents. NetObjex, based in Irvine, California, is a Digital Twin Platform company with technology that leverages AI, Blockchain and IOT technologies. NetObjex has operations in North America as well as offices in India, South East Asia and 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 have Blockchain based product offerings in multiple vertical markets including Manufacturing, Supply Chain, Smart Cities, Fintech and more. The team's experience will also span a wide variety of distributed ledger technologies including 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.
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