Adaptive Provides Data Analytics and Artificial Intelligence
Services to Multiple Industries Including the Financial Services
Sector
WASHINGTON, DC -- April 19, 2023 -- InvestorsHub NewsWire --
Xalles Holdings Inc. (OTC:
XALL), a fintech holding company providing technology and
financial services solutions, today announced that it has executed
a Share Exchange Agreement with Adaptive Analytics, Inc.
(“Adaptive”) and completed the first closing event of the
transaction for Xalles Technology Inc. to own 25% of Adaptive. An
additional future closing event within a few months will complete
the transaction for Adaptive to become a wholly owned subsidiary of
Xalles Technology.
Adaptive provides its clients with a cloud-based software
platform that delivers an AI powered governance and control
capability to enhance the data governance and control processes for
organizations on a holistic enterprise-wide scale. 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 transparency and overall risk avoidance strategies.
Adaptive clients include Bank of America, Western Union,
Deloitte Consulting, the U.S. Government Accountability Office
(GAO), Dell, and numerous central banks and other financial
services companies. Gartner named Adaptive’s platform as a Leader
in its Magic Quadrant for Metadata Management Solutions.
Adaptive is led by J.C. Goins. Mr. Goins has over 30 years of
experience as an investor and advisor to companies, lenders and
investors across a range of industries. Under his leadership,
Adaptive is a preferred provider for data governance, AI analytics,
and corporate oversight capabilities.
J.C. Goins, Adaptive’s CEO, commented, “The Adaptive and Xalles
relationship will facilitate our growth in multiple vertical
markets to build upon our successful client implementations. It
enables us to expand our unique technology platform to target new
use cases and provides an entry into further vertical markets
including Smart City and IoT platforms. Adaptive is perfectly
positioned for rapid global growth in the next 2 years through our
alliances and channel partners.”
“We are pleased to announce this transaction and welcome the
Adaptive team into the Xalles Technology group,” stated Xalles
Holdings CEO Thomas Nash. He continued, “Adaptive will be a core
pillar of our data and AI strategy to support our expanding roles
in financial services and healthcare ecosystems.”
About Xalles Holdings Inc. (OTC:
XALL)
Xalles Holdings Inc. is a holding company that focuses on direct
investments in disruptive fintech companies. The company actively
seeks acquisition targets in which it can invest and accelerate
growth, targeting companies with solid management teams and
business models, large total attainable markets (TAM), and
lucrative exit opportunities. The company places emphasis on
leveraging blockchain and other 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: Xalles.com.
About Adaptive Analytics
Adaptive Analytics, Inc. is a global company located in Irvine,
CA. Adaptive is a market leader with a history of providing
automated forensic capabilities enabling organizations to discover
and manage complex data sources along with the processes and
systems that use them. The company’s offerings are designed
to support the rapidly changing business and IT environments, which
are driven by the ever-increasing demands of risk management,
compliance, evolving regulations and intelligent governance
oversight. Adaptive offers standards-based solutions that
help organizations better align their valuable information by
supporting specific management challenges including enhanced AI
Analytics, Data Governance, Data Quality, Metadata Management,
Enterprise Architecture Management and IT Portfolio Management
while ensuring knowledge is retained as systems evolve. In addition
to serving its direct customers, Adaptive is leveraged as an OEM
platform working with other technologies that are seeking to embed
the Adaptive capabilities in their solution offerings for enhanced
governance and oversight functionality. For more on Adaptive
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 Sec.gov and in OTC Markets at
Otcmarkets.com
Investor Relations Contact:
info@xalles.com
Xalles.com
202.595.1299 Office
Xalles (PK) (USOTC:XALL)
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