Ever since its commencement, Fortress Investment group has been continuously coming up with ways to not only broaden its horizons but also create investment opportunities for investors strengthening their profit gaining platforms. Take, for instance; the firm recently offered IPass, one of the leading tech firms in the provision of global connectivity options, a $20 million funding. This funding will go a long way in assuring its investors that they can safely invest in the firm without worrying about any market perils that lie ahead hence creating a win-win situation for both the firm and the investors. The firm was offered an immediate $10 million, and the rest is to follow soon.
According to IPass’s president and also CEO, the fund will help strengthen the company’s balance sheet making it possible for it to now focus on revenue making and maximizing on profits without stressing on capital. He further added that the loan was secured using all of IPass’s patents such as smart connect, thus clearing any credibility doubts that might have been unaddressed. IPass is the force behind one of the world’s largest WI-FI networks operating on Saas application. It plans to grow its hotspots by approximately 340 million making it ideal for investors as this is an area that is continually advancing.
To further assure investors that they can go ahead and invest in IPass, the deal between Fortress Investment group and the firm was brokered by Riley Financial Inc. a highly ranked investment facility, which specializes in arranging and ensuring the completion of A-list deals. Riley Financial operates in capital markets, valuation and appraisal, auction and liquidation and principal investments hence it understands the essence of equity.
About Fortress Investment group
Fortress Investment Group is a high profile asset management firm that specializes in corporate acquisition and mergers, asset-based investing, capital markets, operations management among many others. It was established in 1998 and boasts a strong management team comprising of Wes Edens, Peter Briger, and Randal Nardone all of whom are key players in the finance arena.
The firm has over 1750 clients and manages assets worth over $40 billion thereby making it the perfect company to turn to when other companies need funding as it already has an established market thus influential. There is no doubt that the deal between highlighted earlier will help Ipass gain stellar growth.