Fortress Investment Group’s Partnership with iPass

Recently, Fortress Investment Group (FIG) extended its operations to enable its shareholders to invest in iPass—a global provider of global connectivity. The amount of money required for the deal totalled to $20million, of which half the amount was passed to iPass. Addressing journalists, iPass CEO commented that the money would be used to grow the company’s revenue and close profitability gaps. During the signing of the loan, FIG used iPass’ patent portfolio and considerable assets to secure the loan. Many financial analysts have agreed that this deal would earn FIG’s stakeholders more profit since iPass ranks well in equity research and performs well in the business world. Visit inc.com

iPass operates the globes largest Wi-Fi network, enabling millions of individuals and firms to access the internet through millions of Wi-Fi hotspots. Even though the company already has millions of clients across the world, reports indicate that the firm aims to expand its services and grow by 340 million by the end of the year 2018. In anticipation of this growth, Fortress Investment Group made a clever decision when investing in the internet and Wi-Fi technology.

Having been the first private-equity firm to go public, Fortress Investment Group has remained to be a trendsetter and also invests in fields where there are adjusted-risks to allow its clients to make profits in the long-run. As such, investing in iPass offers such convenience because the number of Wi-Fi users keeps growing and many individuals and firms conduct their businesses online and on-the-go. As such, the deal offers to raise each party’s profile and issue investors with long-term dividends.

The investment decisions Fortress Investment Group has made over the last few years reflect its ability to transform many companies in various industries within a short period. Looking at FIG’s recent projects, the company has proven to go beyond limits and make its presence felt across various industries. Conclusively, watching the next Fortress Investment Group’s investment moves would be a mesmerizing endeavor because the firm still aims at exploring the ever-growing market and practice innovation in the foreseeable future.

Read more on https://www.zoominfo.com/c/fortress-investment-group-llc/41323699

 

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