- Xalles Holdings ( OTCPK:XALL ) will acquire AIgrowthHUB in a share exchange agreement, where AIgrowthHUB will become a wholly owned subsidiary of Xalles Technology, which is a wholly owned subsidiary of Xalles Holdings.
- AIgrowthHUB expects to contribute ~$7M in revenue to the company over the next 12 months.
- “We believe that artificial intelligence is just beginning to be implemented in a number of business processes and Xalles plans to assemble a group of companies that will support internal companies and external clients with process-changing services,” stated Thomas Nash, CEO of Xalles Holdings.
- The acquisition transaction is expected to be completed by July 31, 2022.
For further details see:
Xalles to acquire AIgrowthHUB and expand AI-based solutions