Solavei To Exit Bankruptcy, Merge with Aspider
Six months after Solavei announced it was going to launch into a new phase of its development, the company said it filed a bankruptcy reorganization plan to merge with ASPIDER, a Netherlands-based Infrastructure as a Service provider that works with mobile operators.
Terms of the deal remain confidential.
Social commerce network and mobile service provider Solavei filed its plan of reorganization today and announced it will merge with industry leader ASPIDER, a Netherlands-based company that has provided core mobile infrastructure and services to over 100 mobile service providers and millions of subscribers throughout the world. Terms of the deal remain confidential.
With over 400,000 people that have become members in the past two years, Solavei will continue to deliver and grow its social commerce network to fulfill its vision of positively impacting millions of people’s lives. With this transaction, the company will continue to operate normally, no services will be interrupted, compensation will be paid on time, and Ryan Wuerch will continue in his role as Chairman & CEO.
Solavei members and employees will benefit from the ASPIDER global mobile virtual enabling platform that provides advanced capabilities, including “in-network” international calling, global roaming, mobile payments, and much more. The merger will also drive cost improvements for Solavei as the company consolidates its overall technology platform, leverages greater buying power of primary mobile service and eliminates third-party solutions.
“This partnership offers tremendous value to both companies,” said Wuerch.
“For Solavei, it will provide the opportunity to leverage ASPIDER direct connections with global mobile operators, and technology resources to enhance and expand mobile services for our members, and broaden Solavei’s reach to enable us to rapidly expand the Solavei brand around the world.”
ASPIDER is expected to leverage Solavei’s social commerce platform within its own range of mobile solutions. This Solavei-enhanced platform will create a fully managed mobile-service ecosystem that includes network wholesale, retail infrastructure and social engagement.
“We are thrilled to expand our services to include Solavei’s unique social and referral platforms,” said Patrick Meijer, VP Corporate Development at ASPIDER. “What’s so different about Solavei is it has created an entirely new form of distribution for the market of mobile service, capitalizing on the fast-growing trends of social media, mobile and referral marketing.”
The merger with ASPIDER will complete Solavei’s financial restructuring announced in June 2014. As a result, Solavei expects to grow exponentially as it starts 2015 with a bold, exciting vision for the future.
“This is truly a wonderful opportunity for all of us—members and employees alike,” said Wuerch. “Solavei is going to get even better, and we can all look forward to the many opportunities and benefits this partnership will bring. This is such an amazing day! We are Going Strong in 2015!”
About Solavei
The world’s first social commerce network, Solavei represents a whole new way of doing business. While other companies spend billions on retail locations and traditional advertising, Solavei rewards its members for sharing Solavei with the people who know and trust them.
Solavei does this by providing a social commerce network that enhances its members’ social connections and rewards them for sharing the products and services they use every day. Former Fortune 100 telecom and retail executives and advisors lead Solavei. For more information, visit Solavei.com. For the brand’s latest news and updates, find Solavei on social media at Facebook.com/Solavei and Twitter.com/Solavei.