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NEW YORK - Rezolve Ai (NASDAQ: RZLV), an AI-driven commerce solutions provider currently valued at $690.1 million, has announced its agreement to acquire GroupBy Inc., a company specializing in site search and merchandising for enterprises. The transaction, which is subject to customary closing conditions, aims to strengthen Rezolve Ai’s capabilities in the digital commerce sector. According to InvestingPro data, RZLV stock has shown significant volatility, currently trading at $2.92, with analyst price targets ranging from $4 to $10.
GroupBy, with over a decade of experience, serves notable brands and has established a significant presence in Austin and Toronto. The integration of GroupBy’s technology with Rezolve Ai’s Brain Commerce suite is expected to offer an enhanced level of personalization and AI-driven engagement for retailers. With Rezolve’s upcoming earnings report scheduled for February 26, InvestingPro subscribers can access additional insights and financial health metrics to evaluate this strategic move.
This acquisition will also expand Rezolve Ai’s North American footprint and is anticipated to open up new growth opportunities. GroupBy’s existing customers will benefit from access to Rezolve’s conversational commerce, intelligent checkout, and real-time engagement solutions, which are designed to provide personalized and frictionless shopping experiences.
Daniel M. Wagner, CEO of Rezolve Ai, emphasized the importance of direct sales, channel partnerships, and strategic acquisitions in the company’s growth strategy. He remarked that the acquisition adds to Rezolve’s portfolio and reinforces its market position in North America.
Roland Gossage, CEO of GroupBy, expressed enthusiasm for the merger, highlighting the potential to transform digital commerce by combining GroupBy’s expertise with Rezolve’s innovative technologies.
The deal also signifies confidence from shareholders, including private equity investors who will take equity in Rezolve Ai as part of the acquisition. The transaction is seen as a positive move for customers, investors, and the future of retail. While Rezolve’s overall financial health score is currently rated as weak by InvestingPro, the company has shown strong return over the last month, suggesting potential market optimism about this strategic direction.
GroupBy was advised by Cantor Fitzgerald & Co. and Faskens, while Rezolve was advised by DLA Piper LLP (US), DLA Piper (Canada) LLP, and Taylor Wessing.
The information for this article is based on a press release statement.
In other recent news, AI-powered retail and commerce solutions provider, Rezolve Ai, has seen its technology adopted by major brands such as Dunkin’, BJ’s Wholesale Club (NYSE:BJ), Coles Supermarkets, and the Phoenix Suns. The company’s solutions are now reaching over 16 million mobile devices and detecting users at 1.1 million locations monthly. In addition to the adoption of its technology, Rezolve Ai has secured a $30 million unsecured loan from European bank Berenberg to support its expansion and product innovation.
The company also announced the launch of the Stargate AI project, a $500 billion investment in AI infrastructure expected to boost the adoption of AI across various sectors. This initiative aligns with Rezolve Ai’s strategic alliances with tech giants Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL).
CEO Daniel M. Wagner is set to present at the upcoming Sidoti Micro-Cap Virtual Conference, providing an opportunity for investors to engage with the company. Lastly, a recent analyst note from Maxim Group initiated coverage on Rezolve Ai with a Buy rating, highlighting the company’s innovative technology platform and its significant partnerships. These are the latest developments in the company’s ongoing efforts to redefine retail engagement globally through 2025.
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