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Dais X to Merge Artificial Intelligence Business with Consulting Platform
Wednesday 09 October 2019

9 October 2019 - North Carolina, US-based digital transformation partner Dais X, has agreed to merge its consulting and software product development platform with Dais AI, an artificial intelligence company to help clients capitalise on digital business opportunities through the development of custom AI solutions and technologies, the company said.
The merger is currently targeted to be completed in 1Q20. Terms of the transaction were not disclosed.
The company said it believes the merger will offer several benefits. For instance, the company will benefit from an enhanced strategic and management focus;
The company will be able to focus investment on a unified growth priority, positioning the company for stronger, more sustainable value creation; and,
The company will have a unified capital structure with the ability to fund targeted profitable growth.
Dais X is a digital transformation partner helping middle-market companies leverage the power of technology and innovation to digitally enable their business and succeed in highly competitive markets.
Dais AI delivers next-generation artificial intelligence solutions to clients. The company is purpose-built to help clients capitalise on digital business opportunities through the development of custom AI solutions and technologies.
Details
Date Published: 09/10/2019
Target: Dais consulting and software product development platform, Dais AI
Country: USA
Sector: IT/Online Services
Type: Restructuring
Financing:
Status: Agreed
Vendor:
Buyer: Dais X
Comment:
Terms of the deal were not disclosed

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