Agreement Signed for Call Center Takeover by Syntheia
Syntheia Corp., a leading provider of conversational AI solutions, has announced a significant acquisition that is set to bolster its capabilities and market presence in AI-driven call center solutions. The company has entered into a definitive agreement to acquire certain assets from Call Center Guys Inc. (CCG Assets), primarily consisting of employees, customers, and intellectual property.
The financial details of the acquisition include an issuance of 20,000,000 common shares of Syntheia Corp., as well as a cash payment of $8,000,000. This cash payment will be financed through a debt financing yet to be specified. Notably, an amount equivalent to USD 1,485,000 will be paid to a third party related to another asset acquisition agreement to be assigned before closing. There will be no finder fees paid in relation to this transaction.
The closing of the acquisition is contingent on the successful completion of debt financing arrangements. Tony Di Benedetto, CEO of Syntheia, anticipates industry-wide rollouts across North America following the closing of the transaction.
The acquisition is expected to bring immediate revenue of over $10M and projected annual EBITDA of $2.2M. By integrating the newly acquired employees and customers, Syntheia aims to expand its operational capacity and customer base. The intellectual property acquired is likely to enhance Syntheia's conversational AI solutions for inbound telephone call management, strengthening its market position in call center AI technology.
The acquisition aligns with Syntheia's strategic growth, complementing its offerings in the conversational AI market and potentially accelerating revenue growth through expanded customers and enhanced technology capabilities. Syntheia expects to realize savings and efficiencies of 30% and increase customer experience with the deployment of their technology.
It is important to note that the securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended. The common shares issued in the transaction will be subject to a four-month and a day statutory hold period.
The CEO of Syntheia Corp., Tony Di Benedetto, can be reached at (844) 796-8434. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change unless required by law.
The news release contains forward-looking information, which involves risks and uncertainties. The forward-looking information in the news release includes, but is not limited to, the synergies derived from the acquisition of the assets in the Transaction. Readers are cautioned not to place undue reliance on forward-looking information.
Syntheia is an artificial intelligence technology company developing proprietary algorithms for human-like conversations. The press release was provided by Newsfile via QuoteMedia.
Investing in the acquisition will bolster Syntheia Corp.'s business by expanding its operational capacity, customer base, and AI solutions, specifically in inbound telephone call management. The company anticipates a significant increase in revenue and improved customer experience post-acquisition.
This strategic growth move aligns with Syntheia's vision to strengthen its position in the call center AI technology market and potentially accelerate revenue growth through enhanced technology capabilities and expanded customers.
