Xalles Holdings Inc (OTCMKTS:XALL) Acquires Stake in Adaptive Analytics
Fintech holding company Xalles Holdings Inc (OTCMKTS:XALL) on April 19, 2023, announced implementing a Share Exchange Agreement with Adaptive Analytics with Adaptive Analytics and finished the first closing event of the transaction.
Any extra future closing event in the next few months will complete a transaction, where Xalles will be owning 25% of the Adaptive. Adaptive gives clients a cloud-based software platform delivering AI-powered governance as well as control capability for enhancing data governance and control processes for organizations.
Trading Data
On Wednesday, XALL stock slid 1.81% to $0.0038 with more than 324K shares traded, compared to volume of 4.08 million shares. The stock moved within a range of $0.0037 – 0.0038 after opening trading at $0.0038.
Xalles Acquires Stake in Adaptive Analytics
Industries serviced currently include Financial Services, Insurance, Government Agencies, Energy, Healthcare, and other regulated industries where data governance and compliance are critical for operational transparency and risk avoidance strategies.
Adaptive clients include Western Union, Bank of America, the U.S. Government Accountability Office, Deloitte Consulting, Dell, and other financial services companies.
Adaptive, led by J.C. Goins, is a preferred provider of AI analytics, data governance, and corporate oversight capabilities. Goins has three decades of experience as an investor and advisor to companies and investors.
J.C. Goins, Adaptive’s CEO said that the Adaptive and Xalles relationship will lead to growth in a number of vertical markets for building on successful client implementations. The CEO added that it enables the company to expand the novel technology platform for targeting new use cases and gives an entry into other vertical markets.
Xalles Holdings CEO Thomas Nash said that the company welcomes the Adaptive team into the Xalles Technology group, as it can be a core pillar of the data and AI strategy.
