WASHINGTON, DC -- July 21, 2020 -- InvestorsHub NewsWire --
Xalles Holdings Inc. (OTC:
XALL), a Fintech holding company providing technology and
financial services solutions, today announces that it has executed
a Share Exchange Agreement to acquire 100% of Adaptive Metadata
Solutions Inc. (“Adaptive”). Adaptive Metadata Solutions is a
Master Reseller of Adaptive products and provides industry leading
metadata analytics (data that describes other data), and artificial
intelligence solutions to large enterprises.
Adaptive provides Fortune 500 clients with essential software
solutions that deliver a business discipline of data governance,
control and innovation to the enterprise. Industries currently
serviced include Insurance, Financial Services, Government
Agencies, Healthcare, Energy, and many other regulated industries,
where compliance and data governance are critical to operational
and strategic success. Adaptive is projected to generate at
least $5 million in 2020 revenue and more than $10 million in
revenue in 2021.
Collectively, Adaptive’s product suite is used by clients that
include Bank of America, Federal Reserve Bank of New York, Western
Union, the U.S. Government’s General Accounting Office (GAO), Dell,
United Natural Foods, and numerous central banks and financial
services companies. The cloud based or on-premises Adaptive
platform enables organizations to understand the entire data
landscape of an enterprise providing end-to-end data lineage
analytics. Gartner named Adaptive’s platform as a Leader in its
2019 Magic Quadrant for Metadata Management Solutions. Clients
leverage the Adaptive platform for enhanced data governance,
analytics, Artificial Intelligence and Machine Learning best
practices and reuse.
Adaptive Metadata Solutions Inc. is led by its CEO, Eric
Reehl. Mr. Reehl has over 25 years of experience as an
investor and advisor to companies, lenders, and investors across a
range of industries for both debt and equity capital. He has
led in excess of $5 billion of direct investments and
restructurings as a principal or advisor. He previously
served as a Managing Director for Plainfield Asset Management LLC,
a $5.2 billion Greenwich, Connecticut-based hedge fund. He received
his Master’s Degree in Business and undergraduate degree from the
University of Texas at Austin.
Adaptive’s CEO commented, “The Adaptive and Xalles relationship
will facilitate our growth in multiple vertical markets to build
upon our successful client implementations. Adaptive is perfectly
positioned for rapid global growth in the next 2 years through our
alliances and channel partners, which account for a significant
number of our business referrals.”
“The Adaptive acquisition is the definition of synergy. Adaptive
will add value to our existing operating companies and
technologies, while Argus Technology Partners will expand
Adaptive’s reach into new vertical markets,” stated Thomas Nash,
Xalles Holdings CEO. “We have a unique opportunity to cross sell
our products between companies. Adaptive’s offerings will create
additional opportunities that will enable our client base to
achieve tremendous savings and compliance benefits through data
analytics, and artificial intelligence to support governance
applications and cyber security. The real value proposition
of this acquisition to our shareholders comes in the form of
building a recurring revenue stream with a growing base of blue
chip clientele as we complete our current fundraising effort.”
Xalles Technology Inc., a wholly owned subsidiary of Xalles
Holdings Inc., will acquire all of the shares of Adaptive Metadata
Solutions Inc., making Adaptive a wholly owned subsidiary of Xalles
Technology. The acquisition agreement defines the closing date for
this transaction as on or before August 10, 2020.
About Xalles Holdings Inc. (OTC:
XALL)
Xalles Holdings Inc. is a holding company that focuses on
acquisition and support of disruptive fintech companies. The
company actively seeks targets in which it can partner with or
acquire to accelerate growth, targeting companies with solid
management teams and business models, large total attainable
markets (TAM), and lucrative exit opportunities. The company places
an emphasis on leveraging blockchain technologies to provide
industry-leading financial reconciliation and auditing solutions,
which, over time, will allow for the capture of recurring revenue
streams. For more information visit: http://Xalles.com
About Adaptive
Adaptive Metadata Solutions Inc. is headquartered in Dallas,
Texas. The Adaptive platform was named by Gartner as a leader in
the 2019 Magic Quadrant for Metadata Management Solutions along
with Oracle, IBM, Infomatica, and SAP. Adaptive is a market leader
with a long history of helping simplify the complex data that
organizations generate by adapting and eliminating the time
consuming and expensive tasks of managing corporate
information. The company’s offerings are designed to support
the rapidly changing business and IT environments, which are driven
by the ever increasing demands of compliance, regulatory pressures
and governance requirements. Adaptive provides innovative
solutions that enable enterprises to align their capabilities with
strategic intent. Adaptive offers standards-based solutions that
help organizations better align their valuable information by
supporting specific management challenges including Data
Governance, Data Quality, Metadata Management, Enterprise
Architecture Management and IT Portfolio Management while ensuring
Knowledge is retained as systems evolve. For more on the Adaptive
product suite, visit www.adaptive.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases, you can identify forward-looking statements
by the following words: "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are contained in the Edgar Archives
of the Securities and Exchange Commission at www.sec.gov and in OTC
Markets at www.otcmarkets.com
Investor Relations Contact:
Info@Xalles.com
www.Xalles.com
202.595.1299 Office
Corporate Communications:
NetworkNewsWire (NNW)
New York, New York
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212.418.1217 Office
Editor@NetworkWire.com
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