AMG National Corp. Announces Strategic Investment in Qwinix Technologies Inc.
AMG National Corp.'s investment will assist with international expansion and support Qwinix Technologies' hyper-growth rate.
DENVER, June 5, 2015 /PRNewswire/ -- AMG National Corp., the financial services holding company that wholly owns AMG National Trust Bank, headquartered in Greenwood Village, Colorado announced today a strategic investment in Qwinix Technologies Inc., an application development and software solutions provider based in Denver, Colorado (with additional offices in India, Costa Rica and Dubai) specializing in Agile Development, DevOps and Continuous Delivery using a global delivery model.
For more than 25 years, AMG National Trust Bank has extensively reviewed and evaluated numerous venture capital and private equity opportunities, including investment in a number of leading national venture funds. Qwinix specializes in the areas of application development and DevOps, which are currently in high demand, and where other companies are struggling to find and retain talent. Today Qwinix is providing software for some well-known Fortune 500 companies in Colorado, as well as a number of small- and medium-sized businesses and other high-tech startups.
"We believe that Qwinix is simply a superior player in the agile development and DevOps marketplace. The financial services industry is facing enormous pressure from fintech startups, and having a link into a great application development organization with true continuous programming capabilities, offers a nice platform from which to create special investment advisory and banking service extensions," states David M. Wright, CEO of AMG National Corp.
Qwinix intends to use the investment proceeds to assist with supporting its hyper-growth. "A majority of large enterprises attempting to scale agile development efforts over the next five years will recognize the need for Continuous Delivery & DevOps for launching products to market. Successfully blending: people, culture, process, information and technology into a high return on investment application development experience has accounted for our high-growth rate and current success. Both in the United States, Costa Rica, Dubai and in India, we see demand for DevOps & Continuous Delivery simply exploding," states Darshan Puttannaiah, Founder and CEO of Qwinix Technologies Inc.
Quality code, global delivery, client collaboration and agile practices enable Qwinix to move quickly to develop highly-functional, cost-effective applications. From start-ups to Fortune 500 companies, Qwinix clients appreciate the lean, transparent and continuous delivery that brings their ideas to market faster.
About AMG National Corp.
AMG National Corp. is a financial services holding company that wholly owns AMG National Trust Bank. AMG National Trust Bank is an innovative, independent commercial bank and wealth management firm that leverages broad financial services to tailor solutions to clients and help them create their masterpieces. AMG builds partnerships that bring together resources, expertise and vision to identify issues, find answers and drive change through prudent financial and resource stewardship. For more information on AMG National Trust Bank visit www.amgnational.com or call 800.999.2190.
About Qwinix
Qwinix Technologies is an application development and software solutions provider based in Denver, Colorado specializing in Agile Development, DevOps and Continuous Delivery using a Global Delivery Model. In addition to its Denver headquarters, Qwinix has offices in India, Costa Rica and Dubai. For more information visit www.qwinixtech.com.
SOURCE AMG National Corp.
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