Adaptive Provides Data Analytics and Artificial Intelligence Services to Multiple Industries Including the Financial Services Sector
Xalles Holdings, a fintech holding company providing technology and financial services solutions, announced that it has executed a Share Exchange Agreement with Adaptive Analytics, Inc. (“Adaptive”) and completed the first closing event of the transaction for Xalles Technology Inc. to own 25% of Adaptive. An additional future closing event within a few months will complete the transaction for Adaptive to become a wholly owned subsidiary of Xalles Technology.
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Adaptive provides its clients with a cloud-based software platform that delivers an AI powered governance and control capability to enhance the data governance and control processes for organizations on a holistic enterprise-wide scale. Industries currently serviced include Insurance, Financial Services, Government Agencies, Healthcare, Energy, and many other regulated industries, where compliance and data governance are critical to operational transparency and overall risk avoidance strategies.
Adaptive clients include Bank of America, Western Union, Deloitte Consulting, the U.S. Government Accountability Office (GAO), Dell, and numerous central banks and other financial services companies. Gartner named Adaptive’s platform as a Leader in its Magic Quadrant for Metadata Management Solutions.
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Adaptive is led by J.C. Goins. Mr. Goins has over 30 years of experience as an investor and advisor to companies, lenders and investors across a range of industries. Under his leadership, Adaptive is a preferred provider for data governance, AI analytics, and corporate oversight capabilities.
J.C. Goins, Adaptive’s CEO, commented, “The Adaptive and Xalles relationship will facilitate our growth in multiple vertical markets to build upon our successful client implementations. It enables us to expand our unique technology platform to target new use cases and provides an entry into further vertical markets including Smart City and IoT platforms. Adaptive is perfectly positioned for rapid global growth in the next 2 years through our alliances and channel partners.”
“We are pleased to announce this transaction and welcome the Adaptive team into the Xalles Technology group,” stated Xalles Holdings CEO Thomas Nash. He continued, “Adaptive will be a core pillar of our data and AI strategy to support our expanding roles in financial services and healthcare ecosystems.”
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