What is Pono Group?
Pono Group, formerly known as Alti, is an IT services provider that has merged with Application Development Resources (ADR). Established in 2001, ADR offers a broad spectrum of IT resources and has historically generated over $50 million in annual revenues. The strategic merger enhances Pono Group's capacity to address a wider array of client IT needs beyond its previous SAP focus, leveraging a larger staff and infrastructure to ensure project success and comprehensive IT solutions.
How much funding has Pono Group raised?
Pono Group has raised a total of $24K across 1 funding round:
Debt
$24K
Debt (2021): $24K with participation from PPP
What's next for Pono Group?
With this recent capital injection, Pono Group is poised for substantial expansion. The company's strategic focus will likely involve scaling its operations, broadening its service portfolio to encompass a more comprehensive IT solutions suite, and potentially increasing its market share within the competitive IT services sector. The merger with ADR provides a robust foundation for this growth, enabling Pono Group to offer integrated IT resources and support to a larger client base.
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