DAMREV Acquires Controlling Interest in Codenatics

DAMREV Acquires Controlling Interest in Codenatics. DAMREV, a leading company in real-world asset tokenization and digital transformation, is pleased to announce the acquisition of a controlling interest in Codenatics, an award-winning software development agency specializing in advanced technology solutions. This acquisition will significantly bolster DAMREV’s technical expertise, enabling the combined entity to offer comprehensive blockchain-based services and expand its presence in multiple industries, including financial services, retail, government, and healthcare.

Codenatics has built a strong reputation for its innovative digital solutions, serving a diverse range of industries with its comprehensive suite of services. Known for its agile approach and emphasis on collaboration, Codenatics consistently delivers value-driven solutions that empower businesses to thrive in a fast-paced digital environment.

“This acquisition is a critical milestone in our strategy to become a global leader in digital asset tokenization and management,” said Con Bruce, Co-Founder of DAMREV. “By bringing Codenatics into the DAMREV family, we not only strengthen our technology stack but also enhance our ability to deliver best-in-class software solutions across industries. We see tremendous synergies between DAMREV’s mission to tokenize real-world assets and Codenatics’s technical capabilities, particularly in blockchain development, cybersecurity, and enterprise solutions.”

As a trusted technology partner, Codenatics has been instrumental in providing transformative solutions for clients seeking to modernize their systems, secure their digital assets, and leverage emerging technologies. The company offers a wide range of services, including:

• Application Modernization: Redesigning legacy systems to enhance efficiency, scalability, and user experience.
• Big Data & Analytics: Harnessing the power of data to drive business insights and inform strategic decisions.
• Blockchain Development: Creating secure, scalable blockchain solutions that transform industries.
• Cloud Orchestration: Managing cloud infrastructure to optimize performance and ensure seamless integration.
• Cybersecurity Services: Providing robust cybersecurity frameworks to protect digital assets from evolving threats.
• E-Commerce Development: Building engaging online storefronts that increase customer engagement and sales.
• FinTech Solutions: Developing innovative financial solutions to enable secure transactions and financial inclusion.
• IoT Design & Development: Connecting devices and enabling smarter decision-making through data-driven insights.
• Machine Learning & AI: Leveraging AI to automate processes, gain insights, and drive efficiency.
• Mobile App Development: Creating high-performing mobile apps tailored to meet the needs of a dynamic user base.
• Product Engineering: Offering end-to-end product development services from ideation to deployment.
• Quality Assurance Testing: Ensuring software reliability and performance through rigorous testing.
• UX/UI Design: Crafting intuitive user interfaces that enhance engagement and user satisfaction.

The acquisition, which was initially agreed to in principle in late 2023, will allow Codenatics to operate independently within the DAMREV group while benefiting from DAMREV’s strategic direction and resources. This structure ensures that Codenatics will continue to focus on its core strengths in software engineering and agile project delivery, while leveraging DAMREV’s industry expertise and market reach.

The acquisition aligns closely with DAMREV’s vision to transform asset management through digital innovation. By integrating Codenatics’s software engineering expertise, DAMREV is positioned to expand its offerings and create a unified platform that combines real-world asset tokenization with digital transformation solutions. “This partnership will enable us to deliver even more value to our clients, especially in emerging markets where digital transformation is driving new opportunities for growth,” said Duane Herholdt. “Codenatics has an established track record of success in delivering high-impact solutions that solve complex business challenges, and together, we are well-equipped to meet the evolving needs of our clients.”

The combined capabilities of DAMREV and Codenatics will support a broader range of initiatives, including:

• Enterprise Solutions: Streamlining business operations through tailored digital solutions.
• Government Solutions: Enhancing public services through secure, scalable platforms.
• Regulatory Compliance: Helping organizations stay ahead of compliance requirements with robust digital tools.
• Start-Up Solutions: Providing technical expertise to accelerate growth for innovative start-ups.