FOR RELEASE: October 11, 2022
Scottsdale, AZ (October 5, 2022) – Cloverleaf Networks announced today the acquisition of Ryver, a workforce collaboration platform that will add workgroup efficiency, artificial intelligence (AI), and internet of things (IoT) functionality to the company’s current connectivity, cyber security and wide area networking solutions forming a top-to-bottom, wire-to-workgroup business stack for Cloverleaf’s current and future customers.
The Ryver acquisition resulted from extensive strategic review and months of due diligence to find the perfect addition to Cloverleaf Networks’ already powerful connectivity offerings. With Ryver, IT managers can control their entire online system and enable workforce collaboration through one company and one platform, saving businesses millions in wasted dollars.
“Cloverleaf is already helping companies operate more profitably with our current solutions, specifically our connectivity aggregation platform (CLOĒ) that ends the nightmare of providing, managing, and securing internet services in multi-office environments. Now with Ryver, teams working from anywhere and everywhere can work as if they are in one building and control systems as if they were right on-site effortlessly,” said Joe Faherty, Cloverleaf Networks CEO.
Cloverleaf has a 60-day plan to enhance the current Ryver platform and provide the more than 100 thousand current users with a collaboration tool that fully handles all their current needs. A new version will be released before the end of 2022 that improves and enhances Ryver’s current collaboration, voice, and video functionality.
From there, and thanks to the recommendations of loyal users in the technology, academic, hospitality and many other industry sectors, the Cloverleaf/Ryver development team will be further enhancing internet of things (IoT) and artificial intelligence (AI) functionality for workgroups that will make working and controlling systems from anywhere a possibility for more people than ever before. “This is a huge leap in workforce management,” said Faherty. “It’s a first to fully integrate data from the wire to the workgroup in one company and one platform. With Cloverleaf and Ryver combined, we believe IT managers, business managers, and teams at all levels of a company will save countless hours and millions of dollars, all because we have made doing their work so much more efficient.”
The acquisition of Ryver, LLC was an all-cash transaction with Cloverleaf Networks as 100% owner. The terms of the purchase have not been disclosed.
About Cloverleaf Networks: Scottsdale-based Cloverleaf Networks is enabling today's workforce with its exclusive top-to-bottom technology solution that connects people, places, and devices efficiently, saving client companies millions in the process. Incorporating internet services, cyber security, SD-WAN cloud computing, voice communications, collaboration, automation, and Internet of things (IoT) technology, Cloverleaf takes businesses from “wire-to-workgroup and beyond™” and helps them thrive like never before.