To derive synergies from combined operations, Red Pulse Phoenix and APEX Network have decided to come together through merging their system, processes, and individual services. This has paved the way for creating a blockchain platform capable of covering enterprise data requirements comprehensively and holistically.
This coming together will help in terms of overall infrastructure in the ecosystem and take the individual capability of both organizations to a different level altogether. In almost all aspects of the business (e.g., technology, marketing, human resources, and token economics), the merged entity is expected to perform better and more efficiently while delivering services to prospective clients.
Finer Details
The new organization will be known by the name of Phoenix Global, and according to the moving average price, PHB tokens will be granted to the holders of CPX. The details related to this swap exercise will be revealed in the coming days. According to the blockchain experts and analysts, this merger will be exceptionally useful in terms of the emergence of a powerful company that has access to superior human resources, capable infrastructure, and enlarged ecosystems. Both these operand and operant resources will provide exceptional capabilities to the new company while bringing the benefits of synergistic operations, greater market share, and high growth rate to the table.
Teams of both organizations will work in an integrated manner, which means they can deliver superior results while deriving more efficiency. The useful impact of this merger is also expected to manifest in the form of larger community creation.
A newly emerged entity will provide interoperability in addition to offering decentralized applications in the domain of marketing, customer relationship management, customer loyalty, etc. The company has already started focusing on the decentralized finance (DeFi) platform, and a sneak peek into this regard has been given in the form of the announcement of HORIZON – a newly announced DeFi app/platform.
Conclusion
This merger is an important step in creating a powerful enterprise system based upon the blockchain technology. This will also encourage other organizations to collaborate and come together for specific projects for deriving synergies from each other’s capabilities.