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Globalive Technology and Sponsor Energy Form Joint Venture to Develop Utility Commerce Management Platform
Globalive Technology and Sponsor Energy Form Joint Venture to Develop Utility Commerce Man...
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[{"type":"text","content":"\n\n\n\nGlobalive Technology and Sponsor Energy Form Joint Venture to Develop Utility Commerce Management Platform\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 17, 2018\n\n\n\nThe venture's products will give customers a simpler way to manage their bills, and allow utility operators to prepare for a multi-service future\n TORONTO, Sept. 17, 2018 /CNW/ - Globalive Technology (TSX-V: LIVE), a pioneer in emerging decentralized financial technology, has signed a joint venture (JV) agreement with Sponsor Energy (Sponsor), a fast-growing, socially-conscious energy retailer, to help utilities rapidly expand their service portfolio and offer households an easier way to manage their bills.\nGT-Sponsor's multi-service utility commerce management platform will be a complete reinvention of the traditional utility billing, payment and customer management system. The new platform will allow customers to simplify their finances by bundling utility services such as electricity, natural gas, internet, home phone and more into a single consolidated bill.\nThe secure platform will offer superior customer choice and flexibility by allowing for multiple payment methods and expanded customer service. It will be designed to integrate with the smart meters of today and the decentralized household-to-household energy trade networks of tomorrow.\n\"We are pleased to be working with a growing company like Sponsor,\" said Anthony Lacavera, Founder and CEO of Globalive Technology. \"This joint venture highlights our team's ability to create compelling commerce products to enable legacy businesses to prepare for the future and to generate large-scale revenue opportunities.\"\n\"We're excited to partner with Globalive Technology to move the utility industry forward,\" said Carolyn Martin, CEO of Sponsor Energy. \"Utilities using our new product will be able to create stronger, digital-first relationships with their households — ones befitting today's subscription economy — while preparing for the future of smart, distr...