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MS 16 speaks at M&A conference

Mergers and Acquisitions (M&A) are a great way to grow your business without having to wait years for your marketing and sales strategy to pay off. When you need immediate growth for your business, this can be the best option for you that provides the instant result. The primary goal of a company interested in a merger or acquisition is to secure an opportunity that will either achieve the objective of growth or provide an area of expansion that will add to the product/service line in a market that is currently not served by the company. The motivation behind this pursuit is that the resulting combination of products, key people, and existing pipeline will allow the business to operate in new markets and offer new options to their existing market.

These and other topics MS 16 Group team discussed during the M&A summer conference in July this year.

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Celebrating partnership with IntRiga

On the May 20th, 2019 MS 16 Group celebrated the partnership with IntRiga at the museum of history in Riga. Together we seek to make Riga more attractive and open for talented musicians from regions and abroad. Together we share a vision of Riga becoming a major hub for cultural tourism by investing in infrastructure that creates the opportunity for the talent and makes the cultural event, such as hosted on the 20th of May 2019, more accessible to the general public.

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Expanding technology division

MS 16 enters into a strategic partnership with a Portuguese investment company to further develop information technology tools with the underlying goal to prepare for the revolution of the internet of things.

The Internet of things is the extension of Internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity, and other forms of hardware (such as sensors), these devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.

The Internet of things has evolved due to the convergence of multiple technologies, real-time analytics, machine learning, commodity sensors, and embedded systems. Traditional fields of embedded systems, wireless sensor networks, control systems, automation (including home and building automation), and others all contribute to enabling the Internet of things. In the consumer market, IoT technology is most synonymous with products pertaining to the concept of the “smart home”, covering devices and appliances (such as lighting fixtures, thermostats, home security systems and cameras, and other home appliances) that support one or more common ecosystems, and can be controlled via devices associated with that ecosystem, such as smartphones and smart speakers.

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A step closer to shared economy

MS 16 partners with P2P Conference 2019 in Riga. With the help of MS 16 team, industry specialist and other interests will be able to learn about the shared economy, make new contacts and expand the total body of knowledge in the field.

The sharing economy, also known as the access economy, peer-to-peer (P2P) economy, or collaborative economy is a mode of consumption whereby goods and services are not owned by a single user, but rather only temporarily accessed by members of a network and underutilized assets are shared, either for free or for a fee. It includes “sharing, bartering, lending, trading, renting, gifting, and swapping redefined through technology and peer communities.” Other examples include: exchanging, collective purchasing, shared ownership, shared value, borrowing, and subscription-based models. It is based on the idea that having access to a good or service can be preferable to having ownership of such good or service and that there are benefits to collaboration in ownership

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Breaking ground on tennis technology

The emergence of ‘smart court’ technology represents an exciting and potentially transformational development for the sport of tennis. Therefore MS 16 installs 2 new smart tennis systems within Enri Tennis courts in Riga.

Currently, Enri Courts are equipped with two systems.

1) Mojjo – French-based tennis technology company and;
2) Wingfield – German-based tennis technology company.

Both systems work similarly, with minor differences, but they all share common features such as, both are cloud-based sports video and analytics platforms featuring technology which offers line calling, live streaming, instant multi-angle video replays and detailed statistics about shots played.

Any court can become a Smart Court when equipped with an interactive touch-screen kiosk, together with six automated HD cameras. The system uses advanced image processing and analytical algorithms to capture and log stroke type, ball trajectory, speed, spin and player movement.

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Fed cup 2019

MS 16 in partnership with Latvian Tennis Association organizes Fed Cup Latvia vs Slovakia in Arena Riga during 9th and 10th of February 2019. MS 16 is glad to announce that the Latvian team have won.

Fed Cup is the premier international team competition in women’s tennis, launched in 1963 to celebrate the 50th Anniversary of the International Tennis Federation (ITF). The competition was known as the Federation Cup until 1995. The Fed Cup is the world’s largest annual women’s international team sports competition in terms of the number of nations that compete.

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MS 16 stands for transparency in P2P lending industry

MS 16 entered in partnership with P2P conference with a clear message: We must work together to increase transparency in the P2P lending industry!

Transparency is something that the financial service sector has long been lacking. In fact, peer-to-peer lending rose to prominence on the back of a loud public call for more transparency and less corporate greed. Traditional P2P marketplace lending has transparency at its core.

Recently, however, many P2P platforms have started moving away from this model, to a model more akin to a managed fund, arguably a move away from transparency.

Why has this shift away from transparency occurred? Is the change being driven by consumer demand for change, or by the platforms themselves, as part of their own business growth strategies?

These and others are the topics discussed in the P2P conference in Riga.

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MS 16 group opens new office in Malta

Malta’s business legislation and tax systems are considered amongst the most favourable in Europe and this is supported by its strategic location straddling the busiest shipping lanes in the Mediterranean. Malta has a strong financial services sector and a thriving IT industry.

MS 16 strategy for expanding operations to Malta include specific targeting of knowledge economy sectors including financial services, information technology companies, research and development, and high-end manufacturing.

Malta has successfully weathered the global economic downturn – maintaining A or A+ status in the significant economic indexes. Amongst others, these reasons are critical drivers for MS 16 expansion in Malta.

If you are interested in knowing more about this topic, please contact us.

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MS 16 advises one of the largest banks in Hungary

During the month of August, MS 16 team advised Hungarian based international bank regarding their new mobile products.

MS 16 research team analyzed European market for mobile banking and mobile payments and concluded that, overall, shoppers in Europe have shown little interest in mobile payments to date. In France, for example, more than half of smartphone users in December 2016 said they were not willing to use mobile payments, even for purchases less than €20.

But mobile payments are finally poised for takeoff, according to MS 16 Research. It expects the value of mobile transactions in the EU-7—France, Germany, Italy, the Netherlands, Spain, Sweden and the UK—to jump almost threefold during the next five years, from $52 billion at the end of 2015 to $148 billion by 2021, spurred by increasing consumer awareness and growing retailer interest in mobile payment options.

Our research defines mobile payments as including in-person mobile payments, such as contactless payments; remote mobile payments, and peer-to-peer payments.

Remote mobile payments will increase more slowly across the EU, but will remain the largest segment of the market by a sizable margin. The value of remote mobile transactions is projected to climb at a compound annual growth rate of 20% and makeup two thirds of mobile payments in 2021.

If you are interested in knowing more about this topic, please contact us.