LFER is Poised for Growth in Cloud Based Software and Technology Solutions to Enable Secure, Smart, Compliant and Maintainable Enterprise Business Solutions
New York, New York--(Newsfile Corp. - May 13, 2021) - Life On Earth, Inc. (OTC Pink: LFER), announces today that it has closed on the purchase of 100% of the issued and outstanding shares in SmartAxiom, Inc. and it's India Subsidiary ("SmartAxiom"), including all intellectual property, existing software infrastructure, and current customers. SmartAxiom is a California-based IoT solution and cybersecurity software company founded by Amit Biyani. Along with the acquisition comes a team that have decades of experience in embedded system engineering, security, blockchain, data analytics, technology marketing and solution sales, contributing to the success of industry leaders such as Broadcom, Intel, ARM and NXP.
SmartAxiom's patented software technology manages and secures through a unique lite blockchain technology running among those devices at the edge of the Internet and enabling them to defend themselves. The SmartAxiom technology can also manage Non-Fungible Tokens (NFTs) and this solution is seeing great customer interest for tracking the entire lifecycle of IoT devices and every step of the supply chain and distribution webs. Upon closing of the SmartAxiom's acquisition, SmartAxiom will operate as a wholly-owned subsidiary of Life On Earth, Inc.
Statement from Mr. Mahmood Khan, Chief Executive Officer of Life On Earth, Inc.:
"I am very pleased to announce our closing of the SmartAxiom acquisition. This first step is the key to our vision of delivering value in the fast-emerging technologies, that include bullet proof secure IoT solutions and SaaS based enterprise software. In addition, we can leverage SmartAxiom's patented core technologies to rapidly expand our systems to address desperately needed hacker-proof business solutions. This is vitally important given the recent developments of cyber-attacks and hacks that have occurred recently on a worldwide scale. To that end, we shall be making additional announcements to update the markets, and our industry, on how SmartAxiom progresses with its existing and new strategic partnerships and solutions."