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RealmFive Accelerates Growth Strategy for its Agricultural Connectivity Platform with Investment from the Open Prairie Rural Opportunities FundEFFINGHAM, Ill., June 24, 2020 /PRNewswire/ -- The Open Prairie Rural Opportunities Fund has expanded its growth-stage private equity portfolio with an investment in RealmFive, a Lincoln, Nebraska-based provider of customized hardware, software, remote monitoring, and data connectivity solutions. RealmFive's innovative suite of products is currently being deployed into a diverse array of markets including ag retail and agronomy, ag machinery and equipment, irrigation and water management, and livestock and animal health. Jason Wrone, Partner at Open Prairie commented, "As RealmFive moves into new sectors within the agricultural value chain, the potential for the RealmFive Data Connectivity Platform is limitless. Growers in rural America and regions with limited communications infrastructure can now implement affordable and reliable technology in areas of their operations that were previously inaccessible, ultimately leading to increased productivity. Open Prairie is excited to partner with the incredible team at RealmFive as they remain on the leading edge of the next revolution in agriculture." With the investment from the Open Prairie Rural Opportunities Fund, Mr. Wrone will join the RealmFive Board of Directors. RealmFive believes the "fifth realm of agriculture" involves using data and automation to transition agriculture to a cloud-based management environment. RealmFive is paving the way for producers and agribusinesses to gain critical insights on every aspect of their operations by making communication and data acquisition simple, reliable, and scalable. Steve Tippery, CEO and Co-Founder at RealmFive noted, "RealmFive is rapidly innovating our industry-leading Connectivity Platform to address the most pressing challenges for an increasingly diverse and growing global market. With an expanding suite of connectivity and automation solutions, we continue to improve profitability for our customers. The partnership with Open Prairie will enable RealmFive to scale its operations, develop more strategic relatonships, and capitalize on our technology leadership position within the Fifth Realm of change from Precision to Decision agriculture." The ubiquity of the RealmFive Connectivity Platform is powered by its proprietary R5 Core, R5 Cloud, and R5 Click technologies. R5 Core is the industry leading wireless connectivity engine, providing reliability in all environments and scalability across a large number of devices. R5 Cloud seamlessly manages data generated by R5 Core connected devices into a secure and accessible cloud-based platform. R5 Click pulls that data into a user-friendly interface that can be accessed anytime, anywhere. About Open Prairie About the Open Prairie Rural Opportunities Fund About RealmFive View original content:http://www.prnewswire.com/news-releases/realmfive-accelerates-growth-strategy-for-its-agricultural-connectivity-platform-with-investment-from-the-open-prairie-rural-opportunities-fund-301082968.html SOURCE Open Prairie |