Following the development from Friday, it is fairly likely that the Infinite Group Inc (OTCMKTS:IMCI) stock is going to come into focus among investors today. On that day, news emerged about the company’s subsidiary unit IGI CyberLabs with regards to a partnership that it had struck up with the company Gradient MSP.
Trading Data
On Friday, IMCI stock ended flat at $0.0925 with 300 shares, compared to volume of 18K shares. The stock moved within a range of $0.0925 – 0.0925 after opening trade at $0.0925.
IGI CyberLabs Partners with Gradient MSP to Support Eight of the Top PSAs in the IT Channel
As per the terms of the agreement between the two parties, Nodeware, the patented vulnerability management product from IGI Cyberlabs is going to be integrated into the Synthesize Platform that is run by Gradient. It was a significant development since this integration is going to help with billing reconciliation in a big way. In other words, MSPs are going to be paid for the services for which they may be charged.
Frank Raimondi, who is the Vice President of Channel Development at IGI Cyberlabs, spoke about the developments as well. He noted that the integration is going to help more and more MSPs to deliver greater value to its customers. He went on to add that it is also going to results in higher productivity and ease of delivery in the operations of the MSPs in question. It may be a good idea to keep an eye on the Infinite Group stock this morning.
Key Quote
“Bringing ease of use and added value to MSPs is a key focus for IGI CyberLabs, and the full integration of Nodeware into Gradient’s Synthesize platform delivers that and more,” said Frank Raimondi, VP of Channel Development at IGI. “The support and tools from Gradient are excellent, and together we are excited to enable more MSPs to deliver more value to their customers, ease of delivery and increased productivity for their operations, and improved bottom line to the company.”
Technical Data
IMCI stock is trading below the 50-Day and 200-Day Moving averages of $0.0903 and $0.1196 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.1534. The company has a total market capitalization of $3.14 million.
