Last year’s news mentioned $5 million in revenues and $1 million in EBITDA with the acquisitions, not counting the Durham Black failure and not counting Contrivian because who really knows how much revenues it had.
The main acquisition was for MTi Mingothings
As we now know is coming to fruition
Now how much revenues did Mingothings have for 2024?? Was it better than 2023?? All their postings on LinkedIn seems like their 2025 revenues are going to be better than 2023 and 2024 combined.
This acquisition has taken a whole year to finally get to where it is now with MTi taking control of Affluence Corp by a reverse acquisition.
We are going to be in a great position if MTi can keep up with the positive open communications and continue to grow
Last April 9th news:
this acquisition will add to top-line revenue as well as positive earnings and cash flow. In 2023, the combination of these three companies recorded approximately $5 million in revenue and over $1 million in EBITDA. Secondly, we will have an improved technology platform integrating Digibriks’ connectivity solutions, IIOT platforms, and digital twin technologies with OneMind, giving Affluence a dominant product in multiple industries. Third, this acquisition will give access to a large installed base for the new OneMind product, greater access to a growing network of a world-class partner ecosystem, and a large reseller and distributor network. In addition, we will take advantage of the economies of scale with a more efficient operating cost structure for all four companies.”
The proposed acquisition will strengthen OneMind Technologies’ Hypervisor NG product and enable the product to manage devices and networks, connect to Industrial systems and standards, and streamline the operations and maintenance cycles of industrial projects. The merged solutions will also expand the company’s integration capabilities beyond The Smart City space to develop new Telecom and Manufacturing opportunities.
Upon completion of the definitive acquisition documents, Affluence will identify the three merged companies in a formal press release. The first of the merged companies specializes in crafting valuable ecosystems through a combination of robust IoT software and networking solutions. The companies are experts in interconnected systems, solution development, and network optimization through a blend of cutting-edge software, integration capabilities, and consulting services. One company provides definitive expertise in project completion, specializing in adaptation design and installation of technology initiatives focusing on smart systems, specifically in the Mobility, Telecom, and Manufacturing sectors. Their unique approach combines deep technical expertise with a client-centric focus to transform complex technology into user-friendly solutions. The third company develops a suite of software products for intelligent IoT platforms. Their software suite includes intelligent device monitoring, intelligent operations centers, and, most importantly, cyber security operations centers. The integration of these technologies with OneMind will be unmatched in the marketplace. All three companies are generating revenue and are cash flow positive.
“Affluence is looking forward to working with all of the principals of the merged companies as we continue to build a world-class software and services organization,” continued Honan. “We are excited for the opportunity to take OneMind into more lucrative markets while establishing a complementary partner ecosystem with an installed base to upgrade to Hypervisor NG. In addition, because of our new ability to offer engineering and integration services, we can take a larger piece of the opportunities we win, ensuring a streamlined customer experience.”
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