No question about it – TNC Group’s 2019 has been all about progress and non-stop growth, as they expand both the services they offer, and the audience they’re able to offer services to.
At the same time their in-house capabilities grew, their research arm was evaluating over 2,000 other companies in the blockchain & cryptocurrency sector, which they have now narrowed down to the top 500 among them.
But why? Today the Dubai based company announced the reason they’ve been giving their fellow blockchain companies a closer look.
TNC is launching the first mergers and acquisitions (M&A) program in the blockchain and cryptocurrency space!
Hitting the ground running, the company says “The M&A process is already underway, as the appraisal team have begun the process of reviewing the crypto companies and communicating with those they have found with great potential.”
The long term goal for TNC is – whatever vital blockchain services they do not develop internally will still become part of TNC’s wheelhouse, by acquiring a company that already has it mastered, thus making TNC the “one-stop-shop for every blockchain need, of every company”.
Lots of win/win deals ready to be made.
The blockchain and cryptocurrency industry is exploding with growth, and while there’s a lot of investor funding pouring in, many underestimate how many companies are fighting over those limited funds.
That means there’s some powerful tech being developed that may never see the light of day – unless a company like TNC comes along.
I’ve worked in Silicon Valley for over a decade now, and I’ve seen it too many times to count – the downfall of a company you once thought really had a chance.
But without even realizing it’s happening, startups can find themselves sucked into the pitfalls of the business. One day they’re a brand new company with fresh ideas and a motivated team ready to execute them, then they realize doing something revolutionary is insanely expensive.
Next thing you know, it’s been months since the first thing on the meeting agenda was the product they’re building – now focus is on raising more capital, to remain operational long enough to raise more capital.
For these companies, being acquired by, or merging with a company that can provide the stability they need to return to developing whatever it is they set out to make, can be a lifesaver! And in the blockchain and crypto sector, there’s an abundance of them.
Led by CEO Bruce Jeong, in addition to their M&A launch, TNC Group’s other noteworthy projects include their native cryptocurrency, the Tokenncoin, and blockchain powered ecommerence platform Buyaladdin.
Learn more at https://TncITGroup.com
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Author: Justin Derbek
New York News Desk
