The subsidiary was created in January 2019, but already in October 2020, Avanceon announced its intention to sell shares of its subsidiary in an initial public offering of Octopus Digital in early 2021. Avanceon started its new initiative to transform the manufacturing sector digitally on January 1, 2019, and called it Octopus Digital. Octopus Digital specializes in helping businesses digitize their manufacturing, supply chain and financial workflows backed by strategic and operational maintenance support services. But Octopus Digital was specifically created to further that relationship. Octopus Digital can hope to reap benefits out of Microsoft’s IP Co-Sell initiative, which offers its partners a way of reaching more customers around the globe and accelerating revenue generation.

Source: Pakistan Today October 11, 2020 17:48 UTC