AGNITY plans expansion of its leadership team and global presence
Silicon Valley, California – Dec 14, 2015 — AGNITY Global, Inc. leader in mobile communication and collaboration solutions today announced the closure of a gross sales royalty investment by Grenville Strategic Royalty Corp., a Canadian publicly-listed company (TSX VENTURE:GRC). Grenville’s investment will be used to fund AGNITY’s growth. AGNITY plans to expand its leadership team and global presence.
AGNITY Global, Inc. is the holding company of AGNITY Communications and AGNITY Healthcare and is positioned to create additional vertical solutions based on its mobile contextual collaboration technology.
AGNITY Communications, Inc. is a leader in providing a highly scalable multi-network applications platform. With its unique architecture for developing and deploying converged applications, the Agnity platform enables Voice over LTE (VoLTE) adoption and co-existence with legacy infrastructure. AGNITY Communications also provides network applications and Multimedia enterprise applications. AGNITY communications solutions have been installed in some of the leading global telecom service providers.
AGNITY Healthcare, Inc. leverages the same platform to offer a comprehensive mobile contextual communication and collaboration solution for Healthcare service providers across the continuum of care. This solution directly addresses communications inefficiencies the cost of which exceeds $10 B annually in the US alone. AGNITY’s SaaS based solutions are delivered from HIPAA compliant cloud infrastructure and have been deployed in the leading health systems and academic hospitals is US and globally.
“Grenville is pleased to welcome AGNITY to our growing and diversified portfolio,” comments Grenville’s Chief Executive Officer, William (Bill) R. Tharp. “With the combined business activities of both AGNITY Communications and AGNITY Healthcare being competitively priced and materially differentiated as a service offering, AGNITY continues to win considerable new business. Our capital is strategically focused on further strengthening AGNITY’s ability to secure even more revenue, the core of our business model.”
“We are excited to have Grenville as part of our team” said Sanjeev Chawla CEO of AGNITY Global. “We have demonstrated growth while maintaining profitability, but now with Grenville’s backing we are able to accelerate our growth to meet the market demand in front of us. Their investment is great validation of the market and our strategy”.
About AGNITY Global, Inc
AGNITY Global is a leading global provider of Application Infrastructure for Service Provider Networks as well as a provider of contextual communication solution for healthcare industry segment. It is headquartered in the Silicon Valley, with Development and Support Operations in Richardson (Texas), and Noida (India). The Communications business of AGNITY Global is branded as AGNITY Communications, Inc. and powers the networks of global Tier 1 Service providers. The Healthcare business of AGNITY Global is branded as AGNITY Healthcare, Inc. and offers a comprehensive mobile contextual communication and collaboration solutions for Healthcare service providers.
Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments and buyouts from contracts. The non-dilutive royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms.
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