COLUMBUS, Ohio, June 18, 2018 (GLOBE NEWSWIRE) -- Global hospitality technology provider Exceptional Innovation (EI) has secured a $75 Million capital investment for the business. The Group will use this equity investment to pay off acquisition debt and provide on-going operating capital. In addition to the equity investment EI has arranged an additional $200 Million working capital facility for customer equipment financing, system upgrades, new solutions purchases and future acquisitions. EI will provide to clients a complete package of services to leverage the global capability of its investment partner’s interests in satellite and fiber network assets, a substantial TV and video content library, a location-based advertising platform and a US TV broadcast license. The combination of global connectivity, additional content, targeted advertising and the cost-effective iQx platform to deliver High Speed Internet Access solutions and In-Room Entertainment content and solutions will enhance the Group’s offering to the hospitality industry.
EI Group entities - SmarTV, Quadriga, and interTouch managed services businesses will now collectively operate globally under the universal brand name of interTouch Quadriga (iQ) to emphasize continuity and investment protection together with technology innovation. The companies will remain intact and at the forefront of their respective markets, the management structure will not change, and the divisions will continue to own and manage their intellectual property assets. Nomadix, Inc. will continue to operate as a separate entity but as an important supplier to interTouch Quadriga.
“Three years ago we pulled SmarTV, Quadriga, interTouch and Nomadix together under the E.I. Group umbrella with a singular vision to bring together the industry’s first truly global source for critical guest-facing technologies. Our belief is that our global customers deserve reliable and sophisticated global solutions that enhance their relationship with their own customers by providing the entertainment, communication and connectivity services that modern travelers demand. Through creating a single platform infrastructure, we are able to provide the flexibility for our customers to select from an array of interconnecting service modules to deliver the guest-facing technologies they desire. This shared-services architecture is designed to set a new standard for reliability by reducing potential points of failure and eliminating the interconnectivity problems that all our competitors have with their piecemeal solutions. We have realized our vision with the release of the iQx platform. Now, with this capital injection and the additional capex financing and the access to additional services from our global investment partner in place, we can now accelerate the roll-out of our technology platform and integrated solutions to bring the market increased choice and superior solutions from one global hospitality industry provider,” says CEO, Seale Moorer.
About Exceptional Innovation
Exceptional Innovation (EI) is relentlessly focused on discovering, developing and delivering innovative solutions that connect our customers to the people they serve through the advanced use of technology. With our global reach, range and resources, we provide our customers with IQx, a unified platform for driving their vision into their markets using consistent and reliable entertainment and connectivity services. Our integrated IQ solutions leverage the platform to assist our customers in making intelligent decisions to actively engage and inspire through interactive experiences.
The EI Group of companies includes managed services companies SmarTV, Quadriga and interTouch now operating under the interTouch Quadriga brand and visitor-based network (VBN) technology gateway provider Nomadix. The Group collectively services over 1.4 million guestrooms worldwide.
For more information, visit www.exceptionalinnovation.com.
About Nomadix
Nomadix offers gateways for seamless wired and wireless connectivity solutions across public access networks and enterprises. Nomadix gateways have earned a global reputation for unparalleled reliability and ease of management. As one customer put it, “They just work.” Powered by patented technology, Nomadix throughput enhancement technologies make available bandwidth stretch further, slowing the pace of investment in bandwidth upgrades and enabling revenue generation and customization in a number of business models. With Nomadix, public access network providers are able to deploy cost-effective, secure and easy-to-use network services. Nomadix is a wholly owned subsidiary company of Exceptional Innovation. For more information, visit www.nomadix.com, follow on LinkedIn, Twitter and Google+, like on Facebook and view the video library on YouTube.
Press Contact: Candice Martini, Chief Marketing Officer
Phone: (614) 890-6101 Email: cmartini@exceptionalinnovation.com