Home / Knowledge / News / Information Technology / OBJE forms new company to complete A-Plus Tech buyout
OBJE forms new company to complete A-Plus Tech buyout
17
Nov '11
Obscene Jeans Corp. announced that it formed a new subsidiary company—Obscene Interactive, LLC—in order to complete the acquisition of emerging social media analytics firm A-Plus Technologies.

The acquisition of A-Plus Technologies and its potentially revolutionary marketing innovations is key to OBJE's plans to foster major company growth by entering the rapidly expanding social media market. The company's management expects the social media sector to continue to grow and mature at an accelerated clip, a view validated by today's launch of the first social media ETF, the Global X Social Media fund (SOCL).

“The launch of this new ETF is proof that social media is an established, global industry that is unquestionably on the rise,” said OBJE CEO Paul Watson. “Not only have revolutionary platforms such as Twitter and LinkedIn changed the way we communicate, they're becoming major drivers of our economy, as well. This sector has nearly unlimited potential for expansion, making it the ideal niche for a growth-oriented company like OBJE.”

A-Plus Technologies utilizes proprietary algorithms to collect valuable consumer trends and data from social media platforms, allowing clients to better market their products to targeted customers.

“A-Plus has an innovative business model and software that we believe could allow Obscene Interactive to begin turning a profit very quickly,” Watson said. “By acquiring the company through the new subsidiary, we'll be able to retain full control and ownership over A-Plus while keeping our social media business separate and distinct from our fashion-related activities.”

Obscene Interactive is a division of Obscene Jeans Corp. that develops innovative technology tools to service the fast-growing social media sector alongside companies such as Groupon, Inc., Linkedin Corp., Pandora Media Inc., and Cisco Systems.

Obscene Interactive is an emerging global developer of social media tools and applications. OBJE's cutting-edge technology platform enables its titles to be accessible to a broad audience of consumers all over the world, supporting multiple platforms for universal appeal. Obscene Interactive is focused on delivering the best in social media solutions to the mass market.

Obscene Jeans Corp

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search