Focus: The acquisitions of Durham Black LLC and Contrivian Inc. are significant steps in Affluence Corporation’s growth strategy. These acquisitions are aimed at establishing Affluence Corporation as a global leader in solutions that power smart industries and the next generation of the internet.
By acquiring Durham Black LLC, a strategic advisory firm, Affluence Corporation plans to leverage the firm’s expertise in capital structure, growth execution, and operational excellence. The leadership team from Durham Black, including Patrick Shutt as CEO and Chairman of the Board and Mary Stanhope as COO, will take on key executive roles within Affluence Corporation. This move is expected to drive value and growth for Affluence, allowing it to assimilate future acquisitions effectively.
The intent to acquire Contrivian Inc., a global network service provider, is part of Affluence Corporation’s plan to expand its product portfolio into the global connectivity market. This acquisition is the first step in a series of planned acquisitions for the year, which are anticipated to significantly grow Affluence’s business.
Overall, these strategic moves are designed to position Affluence Corporation to deliver on its plan to significantly grow the company in 2024 and open new opportunities for innovation and collaboration. The integration of these companies’ expertise and resources is expected to enhance Affluence Corporation’s offerings in smart city and industry software, IoT, AI, 5G, and edge technologies