STOCKHOLM, Jan. 28, 2019
STOCKHOLM, Jan. 28, 2019 /PRNewswire/ -- Artificial Solutions Holding ASH AB ("Artificial Solutions" or the "Company"), the leading specialist in enterprise-strength conversational AI, announced today that it has entered into a reverse takeover agreement with Indentive AB (Nasdaq First North: INDEN B) ("Indentive") which will see a new entity, Artificial Solutions International AB, become listed on the Nasdaq First North stock exchange.
The agreement with Indentive, subject to final approval by the Indentive AGM on 28 February 2019, will allow Artificial Solutions to achieve its aim of listing on Sweden's leading multilateral trading facility for growth companies.
"Artificial Solutions is at a very exciting stage where we see huge growth opportunities ahead," comments Lawrence Flynn, CEO of Artificial Solutions. "Our unique conversational AI platform, Teneo, is used by world leading brands to successfully implement complex applications over multiple channels, in multiple languages across multiple use-cases. Aided by strong partnerships with leading consulting and integration firms, we're able to scale our operations quickly to keep up with the growing demand for advanced conversational AI."
For over a decade, Artificial Solutions has been pioneering conversational AI. Today, Artificial Solutions' flagship product Teneo delivers all the tools large global enterprises need to develop sophisticated conversational AI applications, enabling them to enhance their customer relationships, while maintaining control of their own data. Artificial Solutions' business model is geared for rapid scalable growth with future high profitability and strong cash generation. The listing on Nasdaq First North reinforces Artificial Solutions standing as a leading player in the fast-growing conversational AI space and provides a platform to finance the company's innovative approach to delivering AI for the enterprise.
Already the standard platform of choice for a number of major multinational enterprises Teneo, allows business users and developers to collaborate on creating sophisticated, highly intelligent conversational AI applications that can run across 35 languages, multiple platforms and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of insight that reveal what customers are truly thinking.
"Having invested in Artificial Solutions for the last decade we look forward to broadening the investor base while remaining a large and engaged shareholder," says Fredrik Oweson, partner at Scope. "The company's maturity positions it perfectly to take advantage of the fast-growing market for conversational AI platforms for the enterprise."
The transaction in short:
For more information, please visit https://www.artificial-solutions.com/investor-relations.
About Artificial Solutions
Artificial Solutions® is the leading specialist in enterprise-strength conversational AI, a form of Artificial Intelligence that allows people to communicate with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Designed for the global enterprise, Artificial Solutions' advanced conversational AI platform, Teneo®, allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that run across 35 languages, multiple platforms and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of insight that reveal what customers are truly thinking.
Artificial Solutions' conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, chatbots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide. For more information, please visit www.artificial-solutions.com.
CMSO, Artificial Solutions
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