AP NEWS

SOSA Selects WiConnect to Join Its Global Open Innovation Platform

November 14, 2018

NEW YORK--(BUSINESS WIRE)--Nov 14, 2018--WiConnect, an innovative Monetization as a Service (MaaS) provider, has been selected by SOSA, an open innovation platform that connects corporations to the local tech ecosystem, to join its network based in New York. As part of the collaboration with SOSA the company will move its headquarters to a new location at 50 west 17 th street, joining a community of other innovative high tech startups, corporations and investors.

“We are thrilled to have WiConnect as part of our growing network and community in NYC,” said Guy Franklin, General Manager of SOSA NYC. “There is no doubt that this collaboration will be fruitful and bring value and business opportunities to WiConnect through our diverse network of corporations, investors and startups.”

WiConnect enables venue owners and city managers to maximize revenue generation from public Wi-Fi networks. The company’s unique MaaS model uses proven approaches based on enhancing Wireless Carrier service coupled with a proprietary advertising platform, ultimately enabling customers to realize revenues while optimizing free Wi-Fi access.

WiConnect is on a significant growth trajectory and continually seeks to innovate; joining SOSA will help accelerate that vision. SOSA defines startup challenges, identifies solutions and facilitates connections that open doors for business growth. Geographically, SOSA’s New York hub is also ideal, as the city is the epicenter of advertising and big data businesses.

In addition to its work as an open innovation platform, in October 2018 SOSA was selected by the City of New York and the New York City Economic Development Corporation (NYCEDC) to run and operate the official Global Cyber Center. The Global Cyber Center, powered by SOSA, stands in the heart of the ambitious Cyber NYC initiative that was introduced by the Mayor’s office and the NYCEDC. The Center will promote corporate open innovation, business development, community engagement, mentorship, investment opportunities, and serve as the main point of contact for all cybersecurity-related activities in New York City and the surrounding areas.

“SOSA is committed to being on the cutting edge, and has created opportunities for success by convening global tech leaders and developing local innovation networks all over the globe. They’ve now brought their collaborative expertise to New York – the place to be for our business – and it’s very exciting to be part of it,” said Brian Jacks, Founder and CEO of WiConnect. “We’re looking forward to being a member of the high tech community here and the opportunity for future collaborations. Joining the SOSA platform will enable us to continue being at the forefront of advancements in advertising and data-based technologies.”

To learn more about WiConnect’s services and career opportunities, please visit www.WiConnect.com.

About WiConnect

WiConnect is a New York-based firm revolutionizing Wi-Fi monetization. The company provides Monetization as a Service (MaaS), a unique approach that provides revenue to venue owners and network operators to offset the costs of delivering high-quality Wi-Fi in public venues. Combining media, data and access services over Wi-Fi, it maximizes network revenue per connection while enhancing the user experience.

About Sosa

SOSA is an open innovation platform that connects corporations to the local tech ecosystem. We serve as a one-stop-shop source for corporate open innovation through a structured, result-oriented program and highly curated deal-flow. Our mission is to be the most effective and objective innovation hub, by enabling value-driven interactions between entrepreneurs, start-ups, investors, and corporations. SOSA solves pain points for multinational corporations by providing full access and visibility to its global innovation network of over 10,000 start-ups, 250 investors and venture capital funds, and international corporations.

SOSA offers tangible assets through curated deal flow & scouting of the most advanced technologies from Israel & New York, utilizing its vast network of startups, investors, and entrepreneurs.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005080/en/

CONTACT: Affect

Melissa Baratta, 202-398-9680

mbaratta@affect.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE TELECOMMUNICATIONS OTHER TECHNOLOGY MOBILE/WIRELESS COMMUNICATIONS ADVERTISING

SOURCE: WiConnect

Copyright Business Wire 2018.

PUB: 11/14/2018 09:00 AM/DISC: 11/14/2018 09:01 AM

http://www.businesswire.com/news/home/20181114005080/en

AP RADIO
Update hourly