Rezolve (RZLV) Acquires Crownpeak to Accelerate Growth

Rezolve AI PLC (NASDAQ:RZLV) is one of the 15 Best Technology Penny Stocks to Buy. On December 1, Rezolve AI PLC (NASDAQ:RZLV) announced that it is acquiring Crownpeak. This step marks an important leap forward by bringing together Crownpeak’s enterprise-grade digital experience platform with Rezolve AI PLC’s (NASDAQ:RZLV) Brain Suite as the company aims to create an unparalleled presence in the AI economy.

With this acquisition, Rezolve AI PLC (NASDAQ:RZLV) will gain more scale, recurring revenue, and a valuable customer base. Crownpeak serves well-known companies in Retail, Fashion, Beauty, Manufacturing, and Financial Services. Some of these clients include Harvey Nichols, Tommy Hilfiger, Calvin Klein, Sephora, Dr Martens, Converse, and Commerzbank.

Rezolve (RZLV) Acquires Crownpeak to Accelerate Growth

Rezolve AI PLC (NASDAQ:RZLV) views this acquisition as a strategic and cost-efficient move that will help it grow. It is acquiring a proven business for an attractive cost. Crownpeak is a profitable business expected to make about $70 million this year. Rezolve AI PLC (NASDAQ:RZLV) will pay an initial purchase price of $90 million for the business and will take on approximately $150 million in debt.

The company expects Crownpeak to be immediately accretive to EBITDA. Crownpeak’s strong presence in the US, UK, and EMEA regions will also strengthen Rezolve AI PLC’s (NASDAQ:RZLV) enterprise AI footprint across global markets.

Rezolve AI PLC (NASDAQ:RZLV) is a leader in AI-powered solutions for the retail and e-commerce sectors, focused on improving customer engagement, operational efficiency, and sales by delivering advanced AI-driven tools.

While we acknowledge the potential of RZLV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RZLV and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.