MIAMI--(BUSINESS WIRE)--Cima Group, a telecommunications and digital conglomerate, announced today they have finalized the acquisition of Knetik Inc, a Platform as a Service (PaaS) company that provides intelligent revenue-optimization with its business rules automation, digital and physical entitlements, and contextualized analytics. Knetik is already involved in the training, education, media, IoT, and gaming sectors.
The technical and customer portfolio synergies between Knetik and Auris, the PaaS company that is part of Cima Group which provides OSS/BSS solutions, along with other parts of the Group’s portfolio, position Cima Group exceptionally well in the rapidly evolving digital economy. Knetik will provide key time-to-market advantages coupled with rapid monetization of key components of the Cima 2.0 vision that enables key unique selling points, which includes contextual data analytics and reporting.
“The pursuit of Cima Group’s portfolio, which includes companies like Auris and MobilCash to support any digital transaction in the back-office, is now complete with Knetik. It dramatically accelerates our time-to-market and positions us well beyond voice to a platform that can monetize, support and manage any digital transaction, while providing these key OSS/BSS functions in the cloud. These capabilities empower our existing customers to generate new revenue streams in non-traditional verticals that they have previously not been able to monetize effectively due to the complexity of handling multiple solution providers,” said Juan Martin Gomez, CEO of Cima Group.
Shane Robinett, CEO of Knetik, added, “For Knetik becoming part of Cima Group will open some amazing doors for our technology platform while giving us access to technologies and resources that would take us years to develop. As a company, we cut our teeth serving in the telecom and media space. Being part of Cima Group’s vision enables us to accelerate execution on that vision and expand rapidly into IoT, eHealth or Healthcare and the connected home. We are very much looking forward to working with the Cima Group team to accelerate our sales growth and success.”
A key component in the execution of the Cima Group strategy is to sustain the dramatic growth the company has experienced over the last decade. Recently, Cima Group announced its expansion into different verticals. Similarly, this transaction with Knetik is aligned with the overall vision for continual growth of Cima Group, and the desire to satisfy the market’s demands for newer technologies and an entry into the digital economy.
About Cima Group
Cima Group is committed to delivering simple solutions through reliable technology and innovative services. Cima Group is a global telecommunications and digital solutions provider and integrator. Since 1981, Cima Group has provided retail long distance services, wholesale international and domestic long distance services, fiber network solutions through its ownership in the Maya Cable, and value-added platform service applications that manage Retail, Wholesale, and Top Up telecommunications services and products.
Knetik is a Platform as a Solution (PaaS) that provides for services management of any digital experience online. Powering personalization, engagement, and monetization - The Knetik Platform enables clients to rapidly deploy next-generation services leveraging a robust and scalable back-end. Knetik's offering is used by some of the most innovative media, gaming, e-commerce, and education companies in the world.