Xalles to Acquire AIgrowthHUB and Expand AI-based Solutions

  • Investment
  • 19.07.2022 01:40 pm

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.

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.

“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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