NEW YORK - Nixxy, Inc. (NASDAQ:NIXX), a technology company specializing in artificial intelligence (AI) solutions with a market capitalization of $26.29 million, announced today the acquisition of two advanced AI software platforms, CallAI and AQUA Health Coach, from Aqua Software Technology, Inc. The $3.9 million transaction, a mix of cash and restricted common stock, aims to strengthen Nixxy’s presence in the telecom and healthcare sectors. According to InvestingPro data, Nixxy maintains a favorable position with more cash than debt on its balance sheet, though its current ratio of 0.58 suggests tight liquidity.
CallAI, an AI-driven software designed for enterprise call management, is expected to enhance the capabilities of Nixxy’s Auralink AI telecom subsidiary. The platform features intelligent outbound dialing and natural language processing for inbound calls. It can be deployed on both public and private clouds, catering to organizations with stringent privacy and regulatory requirements.
AQUA Health Coach, powered by OpenAI’s GPT-4, offers a digital health engagement platform that provides personalized coaching and support to healthcare patients. It utilizes a conversational interface with visual elements like voice and lip-synced digital avatars for a more interactive user experience.
Both platforms are part of Nixxy’s strategy to diversify its AI offerings and improve service delivery across industries. "Our purchase of CallAI and AQUA Health Coach AI software represents a strategic step forward to increase the value of our company and strengthen our overall service proposition," said Nixxy Interim CEO Miles Jennings. While analysts project sales growth for the current year, InvestingPro analysis indicates the company faces near-term profitability challenges. Discover 12 additional exclusive insights about Nixxy’s financial outlook with an InvestingPro subscription.
The initial rollout of these solutions will focus on U.S.-based B2B clients, with plans to explore collaborations with international partners in the future. Nixxy’s U.S.-focused deployment strategy ensures that the solutions meet domestic market standards for performance, security, and privacy.
The acquisition comes at a time when the call center AI market is experiencing significant growth, with a projected worth of around $25.84 billion by 2034, according to Precedence Research. Similarly, the chatbot market is expanding, with Grand View Research estimating its size at $7.76 billion in 2024 and a CAGR of 23.3% from 2025 to 2030.
Nixxy’s move to integrate CallAI and AQUA Health Coach into its portfolio underscores the company’s commitment to leveraging AI to transform technologically fragmented industries and create long-term value for its customers and shareholders.
This expansion is based on a press release statement and reflects the company’s forward-looking strategy to harness AI-driven solutions in a rapidly evolving market. With an overall Financial Health Score rated as ’WEAK’ by InvestingPro, investors should closely monitor the company’s execution of this strategic initiative. For comprehensive analysis and real-time updates on Nixxy’s financial metrics, including Fair Value estimates and detailed health scores, upgrade to InvestingPro today.
In other recent news, Nixxy, Inc. has projected a significant boost in revenue, expecting its AI telecom unit to generate $2 million by the end of April 2025. The company anticipates a monthly revenue run rate of $25-27 million from its contract with Mexedia SpA starting in March 2025, although this is contingent on market conditions and operational execution. Additionally, Nixxy has secured a contract with Mexedia through its subsidiary Auralink AI, with services set to commence by May 1, 2025, potentially supporting up to $10 million in revenue per month. The company aims to reach a $5 million monthly revenue run rate in Q2 2025, with plans to double that by Q3 through its new AI telecom platform. Nixxy has also announced the resignation of Christopher Mann from its Board of Directors due to personal commitments, with no immediate plans for a replacement. The company is actively evaluating potential acquisitions and joint ventures to bolster its technological capabilities. Meanwhile, Nixxy has withdrawn its Form S-1 Registration Statement, deeming it unnecessary for current operations. These developments are part of Nixxy’s ongoing strategy to leverage advanced technology for business transformation.
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