TNC IT Group joins Mergers Wave with New Program
TNC joins the merger wave in the crypto and blockchain sectors as TNC open its doors to more than 500 companies through its mergers program.
Mergers and acquisitions (M&A) have recently swept across the blockchain and crypto industry. Many innovative start-ups have considered mergers as a viable option and part of their business strategy to move forward.
The blockchain market has unprecedented growth potential and could be the most significant technological innovation since the internet. Big enterprises have looked into merger programs to shortcut their way into entering the blockchain market. By absorbing budding start-ups, they can acquire technology and adopt blockchain-exposed human resources instantly.
TNC noticed this trend and joins the M&A wave with a different type of mergers program unlike any other that has been introduced before within the industry. TNC’s plan will ensure that more than 500 companies will mutually benefit from each other as being part of a vast and unified network. The group is also keenly watching other successful and significant merged and acquired companies in the crypto community.
The Rise in Industry Mergers
The year 2018 brought about some of the most prominent mergers and acquisitions in the blockchain industry. We saw big enterprises merge and acquire smaller companies to kickstart their operations in the industry.
1. Crypto giant Coinbase acquired Earn.com, a BTC-earning platform, for a staggering amount of $100 million.
2. The software company Consensys acquired a space startup called Planetary Resources.
3. During Midyear 2018, CEO of TRON Justin Sun acquired BitTorrent for around $126 million which is reportedly paid in cash.
Crypto and blockchain mergers open doors of opportunities as more ideas are brought to the table. This will result in a higher value of productivity. Also, due to merged resources, companies will have room for innovations through pumping up the budget for blockchain R&D which will help drive blockchain developments. Another significant advantage of merging as a competitive tool is the tapping of the workforce. As new ideas from fresh minds is as important as the business capital for businesses.
TNC’s Emerging Mergers Program
TNC will be a pioneer of a mass-scale merger program that will encompass several blockchain companies. The process involves TNC’s prominent team of appraisers who will be responsible for evaluating and confirming the merger program to follow suit. Merged companies will also be given privilege to access a pool of shared talent and technology.
As announced by the CEO of TNC Bruce Jeong at the Rockefeller Center, TNC will pioneer a revolutionary merger program. Over 500 blockchain companies will be merged into one ecosystem. With plans to provide blockchain development and security services to blockchain developers around the world, TNC aims to provide blockchain consultation and connect these companies with top-skilled developers. With a team of over 50 appraisers, each with a unique set of skills and experience in various industries, a diverse network will assist in making TNC’s vision of a globally-united blockchain community turn into reality.
TNC IT Solutions Group is a blockchain development company that has operating teams working relentlessly in different parts of the world ready to accommodate. We have a lot of plans in store for those interested to work with us and merge toward a progressive venture. Interested companies can apply for the TNC Mergers program on our website.
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