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NEW YORK/TORONTO - Telvantis Voice Services Inc., a subsidiary of Telvantis Inc. (NASDAQ:RDAR), which has seen its stock surge 39.53% in the past week according to InvestingPro data, and Adya Inc. (TSXV:ADYA | OTCQB:ADYIF) announced today they have signed a Memorandum of Understanding to collaborate on telecommunications services, cloud technologies, and digital transformation initiatives.
The partnership will focus on providing IOT connectivity services, exploring fintech opportunities, collaborating on cloud-based communication services, and expanding voice and SMS trade across Canadian and international markets. For Telvantis, with its current market capitalization of $8.13 million, this partnership could be crucial as InvestingPro data shows the company faces profitability challenges with negative gross margins.
"This partnership aligns perfectly with our mission to expand Telvantis service capabilities in North America while leveraging our funding ecosystem to drive high-margin opportunities," said Maickel Abdou, CEO of Telvantis Voice Services. InvestingPro subscribers can access 5 additional key insights about Telvantis’s financial health and growth prospects.
Samer Bishay, CEO of Adya, stated, "We’re excited to join forces with Telvantis to accelerate Adya’s vision of becoming a leading digital enabler for businesses and governments."
The companies plan to begin implementing the partnership immediately, with initial projects expected to launch in the third quarter of 2025.
Telvantis is a global telecommunications and digital services company headquartered in New York with operations across the Americas, Europe, and MENA regions. Adya is a Canadian telecommunications and cloud technology company based in Toronto that provides connectivity solutions and enterprise telecom services.
The announcement was made in a press release issued by both companies.
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