Powerhouse financial firm Fortress Investment Group has been changing up and adding to its strategy in regard to investment. The firm is now offering investors a stake in iPass through a completely secured investment. iPass is one of the worlds leading global connectivity providers and the funding related to this huge deal is total $20 million. Backing and securing this loan are the extensive assets of iPass. SmartConnect is part of those assets.
The largest Wi-Fi network in the world that can allow businesses and consumers to always be able to access Wi-Fi is iPass. One of the top benefits that iPass offers is the act that its services are provided for an unlimited number of user devices. iPass will have 340 million hotspots by the end of the 2018 calendar year. The deal makes a great investment for Fortress Investment Group because of the value the firm gains due to the exponential growth potential of Wi-Fi technology.
Fortress Investment Group originally began back in 1998. It holds the proud distinction of being the first ever private equity investment firm to list as public. Part of the group’s goal from its beginning was to set trends in the financial industry. Because of this, Fortress Investment Group places heavy focus on investing in areas in which the returns its clients yield are risk-adjusted. In 2014, Fortress Investment Group had the proud honor of being named as the Institutional Hedge Fund Manager of the Year and that is only one of the many honors the organizations garnered in its twenty years in business.
As far as iPass and its business fortunes are concerned, it is highly likely that it is going to be able to gain an advantage competitively speaking with the $20 million funding. There is no reason to believe that secure Wi-Fi will cease being an outstanding investment anytime in the foreseeable future. This amazing deal between Fortress and iPass will only serve to bolster the portfolios of both of these amazing organizations. It is yet another great move by Fortress to further garner the confidence of its shareholders.