Expanding its Strategy
There is a lot of exciting news happening out there in the world of finance today. One interesting event is coming from the Fortress Investment Group. A company that manages over 40 billion in assets, Fortress is now expanding its strategy to include a new investment. The firm has partnered with iPass, a worldwide provider of WiFi. iPass specifically gives businesses assess to the biggest WiFi network in the world.
The firm funded iPass with over 20 million. 10 of the initial 20 million dollar sum was immediately available for the WiFi provider to begin using. The investment is a big play that many are anxious to see will pay off or not.
With enough study, it quickly becomes apparent why the Fortress Investment Group is so interested in funding iPass. The connectivity company operates the world’s largest WiFi network. This lets consumers and businesses from all over the world access WiFi hot spots easier and more conveniently than ever.
The centralization connectivity that iPass offers is something that is sure to hold value as it expands and people understand the service that they offer. That is something that the clever folks at the Fortress Investment Group have already picked up on. They know that this kind of service has a lot of room to grow, and that it is only a matter of time until their clientele base starts to pick up. At a certain point a successful business reaches a point of critical mass and has a massive ROI, that is exactly what Fortress is hoping for.
One of the big things that makes iPass’s service so appealing is that it offers their WiFi connections to an unlimited amount of devices, and has no data caps. There has been a big problem lately with companies limiting their data streams, iPass intends on making that a thing of the past.
The Fortress Investment Group has partnered up with iPass so that they can build bigger and better infrastructure, and really give them the push they need into profitability. Exciting times are ahead for both businesses, that much seems apparent.