Micro Plus Software, operating as Tollring, has entered a strategic equity alliance with Amity Solutions.
This collaboration aims to fast-track the development of generative AI powered applications.
The alliance marks a significant milestone as Amity Solutions aims to accelerate the adoption of its gen AI-centric portfolio, enhancing capabilities in communication, productivity and customer satisfaction across industries.
As part of the tie-up, Amity Solutions will become a majority shareholder of Tollring, providing its AI lab resources to help Tollring use its voice analytics software solutions with advanced gen AI capabilities. Amity Solutions will also bring complementary software solutions in customer engagement, including an AI-powered chatbot/voicebot platform, helping to address customer acquisition and retention challenges. In addition, Amity Solutions’ network and presence in southeast Asia will play a key role in speeding up Tollring’s international expansion.
The strategic move will enable Tollring to better support its partners and end-customers worldwide.
Keng Teik Koay, group CEO of Amity Solutions, said, “We have been very impressed with Tollring’s management team, and we look forward to supporting the business under Tony’s leadership. We are extremely excited about the opportunity that lies ahead for our combined business as we look forward to taking our collectively enhanced solutions to the global market.”
Tony Martino, CEO of Tollring, said, “Tollring has gone from strength to strength in recent years and our success has been built on the foundation of a great workplace culture coupled with a strong product strategy razor focussed on delivering on the needs of our customers. We are very excited about the next chapter of our journey as part of Amity Group where we will be able to deliver unprecedented scale and value to our customers and partners, especially during this time of immense transformation and opportunity in our industry.”
Tollring was advised by Acuity Advisors, 360 Law Services, Buzzacott LLP and Incredible Results.