Curated News
By: NewsRamp Editorial Staff
January 02, 2025
Paltalk Transforms Business to Focus on Cloud Infrastructure and Cybersecurity Services
Discuss on Reddit
LinkedIn
Substack
TelegramTLDR
- Paltalk expands technology services, focusing on cloud infrastructure and cybersecurity sectors.
- The Company completed the divestiture of Paltalk, Camfrog, and Vumber applications.
- Paltalk's transformational milestone aims to provide improved technology solutions for customers and long-term success.
- Paltalk to operate as Intelligent Protection Management Corp., trading under ticker 'IPM' on January 6, 2025.
Impact - Why it Matters
This news is significant as it marks a strategic shift for Paltalk towards technology-focused services. The expansion into cloud infrastructure and cybersecurity sectors signifies the company's commitment to growth and innovation, offering a broader range of services to customers. The divestiture of consumer-focused applications highlights Paltalk's vision to enhance its offerings in line with evolving market demands.
Summary
Paltalk, Inc. completes the divestiture of its applications and focuses on expanding its service offerings in cloud infrastructure and cybersecurity sectors. The company will operate under the name Intelligent Protection Management Corp. and trade under ticker IPM starting January 6, 2025. With the acquisition of Newtek Technology Solutions, Inc., Paltalk aims to provide server hosting, cloud hosting, data storage, managed security, backup, disaster recovery, and consulting services.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Paltalk Transforms Business to Focus on Cloud Infrastructure and Cybersecurity Services
