Next Group Holdings Inc. (NXGH), a Miami firm bringing mobile banking services to underserved and emerging markets, recently inked an agreement to purchase a controlling interest in AIM, which provides storage software and logistics for national brands.
Such well-known labels as Harley Davidson, AMC Theaters and SuperValu Supermarkets utilize AIM’s unique service offerings to house their online infrastructure. With tools such as built-in fraud prevention, AIM (Accent Intermedia) has provided warranty and gift card processing services for over a decade, stimulating over $1 billion worth of stored value activations.
As a result of the acquisition, Next Group Holdings’ will come under the “one technology umbrella” developed by AIM that offers a user-friendly interface and potential for joint growth. Additionally, the agreement’s timing allows the partners to prepare for 2016’s holiday season well in advance.
"Acquiring controlling interest in AIM will provide Next Group Holdings with a full duplex platform to reach our target markets with a variety of our financial products offerings," Arik Maimon, Next Group's chairman and CEO, said. "AIM has established itself as an innovative, reliable and capable program manager for stored value products. This shall enable NXGH to have a unique proposition over its competitors."
AIM technology operates with a "zero single point of failure infrastructure" with multiple power grid supplies, 24/7/365 monitoring with multi-level support, and intrusion detection and prevention.
Next Group Holdings made the purchase from Dean Keatin Marketing LLC (DKM) Transaction Processing Products Inc. (TPP) of Wyoming.
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