The current topic of discussion in the investing world is the strategic credit facility arranged by Fortress Investment Group and iPass. Fortress Investment Group is arguably the most innovative and diverse global investment management company in the industry. For instance, right now it manages over $40 billion in assets. Not to mention, that the company’s private and institutional clients number well over 1,500 around the world. iPass provides global mobile connectivity solutions. Its Wi-Fi service is safe, reliable and easy to access on any device with a SaaS platform. It provides 64 million hot spots globally, which secures its spot as the world’s leading Wi-Fi provider. Upon completion the credit facility was valued at close to $20 million from affiliate-managed funds.
Fortress Investment Group is very pleased about the investment partnership because iPass is a company with a lot of untapped potential. Many professionals in the mobile industry believe that iPass is capable of disrupting the entire industry. Despite being launched nearly 20 years ago iPass is still unknown to many consumers. This is probably due in part because iPass does not offer service directly to consumers but rather to mobile connectivity providers. The company was kind of floundering around 2015 when it decided to make some drastic changes. these changes included new leadership and 3 major innovations. These innovations allowed the company to make a complete comeback and substantially increase its position of leadership.
Fortress Investment Group is based out New York and it has not changed the location of its headquarters since it was founded in 1998. Fortress has a history of building investment relationships with well-known entities in the industry. It is able to attract these kind of high profile entities because of its excellent track record. Fortress Investment Group’s investment platform is top notch as well as its hard working leadership team. This creates an atmosphere of success.