Globalive Technology Partners (GTP) has acquired a 51 percent stake in the software development arm of Business Instincts Group (BIG), a Calgary venture creation firm led by CEO Cameron Chell. No financial terms were released for the deal, which launches a joint venture called Globalive BIGDEV, a blockchain and machine learning software development and commercialization shop. It has six projects in development, five focused on blockchain and one on artificial intelligence. GTP, unveiled in January by Globalive Capital and the founders of Mundo Inc and VRG Capital, earlier this week announced its going public transaction and $30 million financing.
Globalive Technology Inc. announces joint venture with Business Instincts Group to launch blockchain and machine learning software development and commercialization shop
TORONTO, May 24, 2018 /CNW/ – The Globalive Technology and Business Instincts Group’s (BIG) joint venture is a collaboration of experienced and successful technology veterans. Globalive Technology has acquired a 51% stake in the software development arm of Business Instincts Group. The new group to be called ‘Globalive BIGDEV’ will build software to support decentralized and intelligent business frameworks. Businesses will be able to access a library of software stacks and customizable solutions featuring blockchain and machine intelligence technologies.
Anthony Lacavera, Chairman and CEO of Globalive Technology says, “We’re building core technology that can be reused horizontally across diverse industries and vertically within them. Co-owning and co-developing technology stacks with high-growth firms that already have existing customers is a key advantage. We are excited about the pipeline of projects Globalive BIGDEV has already started working on.”
Cameron Chell, Founder and CEO of BIG and his team have demonstrated capability in fostering growth of technology companies most recently through KODAKOne, the well-publicized blockchain-based solution created and developed by WENN Digital, allowing photographers to protect their copyrights, enable licensing, payments and sales by storing visual content on a secure ledger platform. Cameron is the Chairman and Co-founder of KODAKOne and will become a Director in the new Globalive BIGDEV entity.
Andy Quinn, VP Technology at BIG and the new President of Globalive BIGDEV has 30 years’ experience developing software that has specifically addressed wide-ranging business problems. He has worked alongside Microsoft and led development teams in diverse fields including healthcare, fintech, SaaS, artificial intelligence and e-learning.
Globalive BIGDEV has six major projects in development, five focused on blockchain and one on artificial intelligence. Anthony Lacavera continues, “Our joint venture will create a full-stack software design and development firm by leveraging BIGDEV’s blockchain capabilities alongside Globalive Technology’s expertise in the design and deployment of software using the latest machine intelligence techniques.”
Globalive Technology Inc. is in the process of completing its RTO and expects to commence trading under the ticker “LIVE” in early June, subject to a number of closing conditions including approval from TSX Venture Exchange. (TSX-V:LIVE)
Globalive Technology Inc.
Globalive Technology is a next-generation software company and venture partner that is developing and investing in innovative solutions to disrupt traditional industries using AI, IoT and blockchain technology. The company forms partnerships with leading high growth companies to co-develop blockchain and machine intelligence technology stacks. It is parented by Globalive Capital Inc., which has founded and co-founded 12 businesses over the past 20 years with 5 successful exits ranging from $10M to $1.3B USD. It has also made over 100 venture investments and has over 45 portfolio technology companies.
Business Instincts Group (BIG) Dev
BIGDEV is the development expertise of teams that have been operating on the cutting edge of technologies for decades. The core members of the team have worked together for over 20 years and bring a high level of communication, understanding and execution to their projects. BIGDEV pairs RIPKIT, its proprietary business acceleration methodology, with a world-class team of specialists to grow ideas and startups into industry-leading companies.
For all press and investor inquiries, please contact Tanya Sardana, Communications Officer, Globalive Technology. firstname.lastname@example.org
For an initial consultation with Globalive BIGDEV, please contact Erika Racicot, President, Business Instincts Group. email@example.com
For more information please visit www.globalivetechnology.com