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The act of synergy combines the efforts and performance of at least two entities to achieve more than what each entity can accomplish individually. This concept is often used in terms of mergers and acquisitions where two companies join forces, adding value and resources to achieve significant financial returns. Synergy is said to enable higher returns by saving costs, increasing bargaining positions and creating growth opportunities.
Synergy In The Real World?
One company that says it hopes to be a good example of synergy is OLB Group Inc. (NASDAQ: OLB). The company offers a number of products and services through its various unified subsidiaries that are meant to integrate with one another. These include merchant services, payment gateways, a crowdfunding platform and an omni-commerce platform.
OLB owns Omnisoft, a cloud-based business management platform for small and medium …
Full story available on Benzinga.com