As Artificial Intelligence (AI) Grows in Importance Throughout the Business World, AIgrowthHUB Will Offer Solutions to Grow Business and Enhance the Customer Experience.
Xalles Holdings Inc., a fintech holding company providing technology and financial services solutions, will acquire AIgrowthHUB Inc. (“AIgrowthHUB”) in a share exchange agreement. AIgrowthHUB Inc. will become a wholly owned subsidiary of Xalles Technology Inc, which is a wholly owned subsidiary of Xalles Holdings Inc.
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Based in St. Petersburg, Florida, AIgrowthHUB provides business solutions that focus on acquiring customers and enriching the customer experience. AIgrowthHUB is bringing proprietary and third-party solutions to the marketplace that enhance the digital customer experience. The machine learning advertising audience software will increase client profitability by 30% in 30 days. AIgrowthHUB sees this as the cornerstone offering, taking advantage of a projected 1.8 trillion-dollar artificial intelligence market by the end of the decade.
“AIgrowthHUB looks to grow through by being a part of the Xalles corporate structure, while helping the existing Xalles operating companies expand by enhancing their outreach and business development processes,” commented Joshua Harris, CEO of AIgrowthHUB Inc.
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“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.
AIgrowthHUB expects to contribute approximately $7 million in revenue to the company over the next 12 months. The acquisition transaction is expected to be completed by July 31, 2022.
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