NetObjex Inc., based out of Irvine, California acquires Servntire Global Pvt. Ltd to exponentially grow in the Blockchain space
NetObjex, Inc. announced its acquisition of Servntire Global Pvt. Ltd., from Technopark, Trivandrum with a view to exponentially grow in the blockchain arena. Terms of the deal are yet to be disclosed.
Servntire Global is a Blockchain solutions company with a Trade Finance product and Real Time Payment Solution in the Fintech space along with expertise in Blockchain Protocol 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. NetObjex has operations in North America as well as offices in India, South East Asia and representatives & 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 excited 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.
NetObjex will now have Blockchain based offerings in multiple verticals including Research and Development, Enterprise Grade Solutions and Middleware Developments. The team’s experience will also span a wide variety of distributed ledger technologies with industrial domain expertise especially focusing on Fintech, Supply Chain and Healthcare and will offer Platform-as-a-Service with applications in Manufacturing, Supply Chain, Transportation and Smart Cities. Its leading edge platforms leverage IoT for data acquisition and actuation, AI for unearthing insights in data, and Distributed Ledgers for data dissemination.
“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.