IRVINE, CA--(Marketwired - Jan 25, 2016) - Vemanti Group, Inc. (
Incorporated in 2014, Vemanti Group seeks to grow through acquisitions, integration, investment, and development of emerging companies in various industries. Through a wholly-owned subsidiary, Vemanti Group is a fully operational and revenue-generating Voice over IP (VoIP) service provider, providing IP-based communications services to small-to-medium (SMB) business customers.
While other VoIP and cloud providers are anxious to move up markets into larger business accounts, there's still 85% of the small to medium business (SMB) market that has not been penetrated yet, a segment that Infonetics said service revenue grew 9.7 percent in 2014 over 2013 and is forecasted to grow to $88 billion market by 2018. Two of the key drivers in the business VoIP market are managed IP PBX and cloud-based hosted PBX and Unified Communications services. Vemanti believes that these drivers represent tremendous revenue opportunities and further validates the market space.
Tan Tran, CEO, commented, "Our listing on OTC will provide us with tremendous access to capital markets and also accelerate our entry into other high-growth markets where we seek to create value and growth for our company and shareholders."
About the Vemanti Group Inc.
Vemanti Group, Inc. (
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
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