Oak Brook, IL. July 10, 2023 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology announced today that its wholly owned subsidiary OneMind Technologies has increased its sales presence in South America through its partnership with Globe, S.A., one of the premier value added services, distribution and integrators in South America.

“The partnership with Globe has already started paying dividends,” said Stephane Eyme, Global CEO of OneMind Technologies.  “Globe has included OneMind’s Hypervisor NG into a very large, high profile smart city project in Chile and we were able to recognize revenue from that project in Q2. Of particular note is that this project incorporated the SaaS capabilities of Hypervisor NG.  Our long-term strategy is to have a mix of enterprise software and subscription revenue to build a more predictable revenue stream. We are extremely satisfied with the relationship with Globe, their professionalism and reach in South America is what makes them the top integrator in the geography. We have been working with Globe since October and have found that there is pent up demand throughout South America to centralize and manage data from multiple sub-systems such as traffic, parking, smart traffic lights, GPS positioning of busses and first responders, air quality, waste collection, water systems, CCTV and license plate recognition in a single panel view in all major metropolitan areas of this geography.    We are looking forward to continued growth in the partnership and have multiple joint opportunities in our pipeline,” said Eyme.

“Incorporating OneMind’s Hypervisor NG in our portfolio will allow us to compete and implement projects with a “Best-In-Class” solution that enables a comprehensive vision which enables more efficient management and holistic intelligence so users can process and act on information from different systems and data sources, something that has been lacking up until now,” said Jaime Godoy, CEO of Globe.

 



This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

Oak Brook, IL November 24, 2020 – Affluence Corporation (AFFU.PK) announced today the closing of the acquisition of OneMind Technologies SL from Worldsensing SL. The new entity is a wholly owned subsidiary of Affluence Corporation. Affluence Corporation was advised by Kirkland & Ellis in the US and Araoz & Rueda in Spain.  Worldsensing SL was advised by DWF RCD in Spain.

OneMind Technologies SL, based in Barcelona, Spain, helps organizations to transform operational decisions and reveal insights through real-time and multi-domain intelligence. Through its intelligent IoT solution builder OneMind, the company, creates applications for smart construction and smart city operations. The OneMind intelligent IoT Solution builder is used by organizations in the USA, Latin America, Europe, and South-East Asia to optimize operational processes and make real-time decisions based on data-driven insights and be more efficient, responsive, and sustainable. OneMind is very active in the Middle East and Africa region with a number of prospects planned for closure in the coming months.

“As part of Affluence Corporation, OneMind Technologies is in a unique position to generate synergies across the group, drive sustainable growth and become a global leader. OneMind Technologies’ ambition is to enable any organization to run smarter operations through our smart IoT solution builder” said Stephane Eyme, CEO of OneMind Technologies SL.

Rohan Chanmugam, CEO of Affluence Global, said: “We are delighted to welcome the OneMind Technologies team to the Affluence Corporation family. We are uniquely positioned to capitalize on the tremendous growth opportunities offered by OneMind, which combined with our edge computing solutions will have a significant impact in how business is done across the world in the near future.”

“OneMind has worked as an independent Worldsensing business unit and internal start-up for some time now. I have no doubt that the team will continue to thrive within the Affluence ecosystem. The OneMind sale leaves Worldsensing perfectly positioned to expand our leadership in critical infrastructure monitoring to tackle the fundamental mission of keeping people safe by monitoring assets in mining, construction, rail, and beyond,” said Worldsensing’s CEO, Ignasi Vilajosana.

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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

For further information

Affluence Corporation Investor Relations contact: info@affucorp.com or +1 720-295-6409

Affluence Corporation Media Relations contact: Maria Chanmugam, press@affucorp.com

Worldsensing Media Relations contact: Jennifer Harth, press@worldsensing.com or +34 93 418 05 85