Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 312

Brightlane Announces Specialty Financing Acquisition in the U.K.

Posted by fidest press agency su sabato, 13 aprile 2019

Brightlane Corp. (OTCMKTS: BTLN) today announced the completion of its acquisition of U.K. based VATBRIDGE Limited, a specialty financing company for commercial properties. As a result of this agreement, VATBRIDGE will become a wholly owned subsidiary of Brightlane.
The acquisition of VATBRIDGE is part of Brightlane’s wider expansion plans of both geographic markets and portfolio of services. This will accelerate Brightlane’s real property and specialty financing products, which it has positioned as a growth engine in its two-year, medium-term management plan, and is promoting a shift towards service businesses that utilize proprietary horizontal Software as a Service (SaaS) platforms. Brightlane is also expanding its business horizon to include new-build, multi-tenant projects and management services to be implemented under Brightlane’s “Smart Foundations” program, which considers the tenant’s credit over term, smart identity and accessibility which supports the realization of captured market share.”We welcome the Brightlane teams with the exciting outlook for opportunities ahead for specialty financing products in new markets,” said Laurence Rutter, VATBRIDGE’s company director. “The technology development and combined strengths of these companies are an important element of this strategy. The combined companies will give us the momentum to grow our U.K. business and maximize the value of our combined operations.”

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