2023-07-31 08:57:27 ET
- Research Solutions ( NASDAQ: RSSS ) has acquired New York-based ResoluteAI, an advanced search platform providing tools for search, discovery, analysis, and information management driven by Artificial Intelligence (AI) and Natural Language Processing (NLP), for an undisclosed sum.
- Shares of RSSS are down 0.5% at $2.04 in premarket trade on Monday.
- The move takes advantage of company's technological expertise in AI and NLP as core foundational technologies to link and make a broad array of information sources and data discoverable.
- The immediate first steps that will result in an improved customer experience for both existing and new customer bases are the integration of ResoluteAI's advanced search capabilities into Research Solutions' Article Galaxy platform and quick access to all scientific journal articles into ResoluteAI's Foundation platform.
- As of June 30, 2023, ResoluteAI had approximately $1.3 million in Annual Recurring Revenue under contract.
For further details see:
Research Solutions acquires ResoluteAI