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Liberty Capital Acquires ID Global Corp., Names CEO, President

May 17, 2019, 07:25 AM
Filed Under: Mergers & Acquisitions

Liberty Capital Group announced its equity purchase of ID Global Corp., the publicly owned Internet of Things innovator.

As it celebrates 15 years since its launch, having recently announced the passing of a new landmark, with the company overseeing more than $150 million in funding for small businesses, Liberty Capital Group is seeking to explore new markets with its equity purchase of ID Global.

ID Global’s  a vision to consolidate the fragmented Smart City (IoT) 4.0 industry. Focused on businesses involved with exploring new approaches to energy consumption, sensors  & monitoring, smart lighting (LED), and WiFi connected Smart Cities. The company considers itself a consolidator in the Internet of Things.

Combining the insight and skills of both IDGC market reach and Liberty Capital Group, the company will be led by Harry Orfanos as Chairman and CEO, with Adrian Dalsey, Liberty Capital Group CEO, taking the position of President and board member.

The two companies are expecting to leverage the vision and knowledge within the new group to build the skill platform necessary to lead the emerging fragmented smart city 4.0.

Dalsey, explained the move: “It’s a great opportunity for both companies. It’s estimated that the Internet of Things will reach 35 billion devices serving 7 billion people, all connected to the Internet, by 2020.”

He continued, “That’s a huge market, and the ability to transform smart cities and enable new ways of using technology to improve lives is an incredible value proposition. Through IDGC and partners, we aim to be at the forefront of that innovation.”

With the potential of the IoT and Liberty Capital’s business funding expertise, this acquisition places IDGC at the forefront of emerging technology, giving the business an exceptional opportunity to shape new thinking on smart cities and the connected world.

See IDGC statement to shareholders here.


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