Source: NowVertical Group Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • NowVertical Group (NOW) has acquired all of the issued and outstanding shares of Resonant Analytics, LLC
  • The acquisition will provide NowVertical with an expanding footprint in the US marketing and business analytics space, an enterprise customer base and growing revenues
  • Existing Resonant Analytics customers will benefit from a broader range of software and implementation solutions
  • NowVertical is a big data, analytics and VI software and services company
  • NowVertical Group Inc. (NOW) opened trading at C$0.45

NowVertical Group (NOW) has acquired all of the issued and outstanding shares of Resonant Analytics, LLC, a USA-based guided solutions analytics firm.

Daren Trousdell, Chairman & CEO of NOW, commented on the acquisition.

“The acquisition of Resonant provides NOW with an expanding footprint in the US marketing and business analytics space, an enterprise customer base and growing revenues. The addition of the Resonant team reflects our ongoing focus on investing in leading vertical expertise and creating opportunities to introduce NOW’s robust software offering to established customer relationships. Today’s acquisition brings together two great companies that are driven to help customers realize the potential of Vertical Intelligence.”

Resonant works with some of the world’s most recognizable global enterprises, including Fortune 500 companies such as Adobe, Palo Alto Networks, and DocuSign, across multiple industry verticals and provides guided solutions all along the marketing data analytics value chain.

The transaction expands NOW Solutions’ U.S. commercial business, adding opportunities in addition to clients across multiple verticals, including Banking & Financial Services, Software Products, Consumer Package Goods, Travel & Leisure, and Healthcare.

“We are excited to become part of the NOW group of companies. Our combination today allows us to grow our platform by leveraging our combined customer relationships, networks and expertise,” said Dr. James “Jackson” Barrett, founder and President of Resonant Analytics.
“As a result of this transaction, existing Resonant customers will benefit from a broader range of software and implementation solutions across a larger geographic footprint.”

NowVertical has secured a credit facility with US-based MVB Bank, comprising a term loan  and a revolving line of credit.

NowVertical is a big data, analytics and VI software and services company.

NowVertical Group Inc. (NOW) opened trading at C$0.45.

More From The Market Herald

" EQ (TSXV:EQ) reports strongest quarter in over a decade

EQ (EQ) reported its financial results for the second quarter ended June 30, 2022, announcing the highest second-quarter revenue in over a decade.

" Lite Access Technologies (TSXV:LTE) closes agreement with Ironman Directional Drilling

Lite Access (LTE) has closed its cooperation agreement with Ironman Directional Drilling.
KuuHubb - Founder and CEO, Jouni Keranen

" Kuuhubb (TSXV:KUU) announces shareholder approval of amendment to stock option plan and option grants

Kuuhubb (KUU) has provided an update in relation to its stock option plan.
UniDoc Health - Advisor, Roberto Caon.

" UniDoc (CSE:UDOC) appoints Italian MP Roberto Caon to advisory board

UniDoc (UDOC) has strengthened its Advisory Board with the addition of Italian MP Roberto Caon.