14-04-2022

Almawave S.p.A., an Italian company listed on the Euronext Growth Milan (Ticker: AIW) and part of AlmavivA Group, an Artificial Intelligence (AI), natural language processing and Big Data services leader, announces the completion today, subsequent to the satisfaction of the contractual conditions, of the full acquisition of The Data Appeal Company S.p.A. (“TDAC”), with registered office in Florence and a developer of vertical AI analytics solutions and the tourism, finance and location intelligence sector leader.

The transaction follows on from the market disclosures of December 31, 2021, February 7 and March 4, 2022.

Valeria Sandei, Chief Executive Officer of Almawave, stated: “I am greatly satisfied with the closing of this first acquisition by Almawave since the Italian stock market listing.  All the characteristics of The Data Appeal Company, its business and its potential integrate with those of our group and set us on a shared path pursuing common strategic objectives. A close focus shall be placed on developing human capital, so as to increasingly establish ourselves as an Italian enterprise with an international vision and able to attract talent and professional expertise”.

Read the press release in the Press Room.

In the photo Valeria Sandei and Mirko Lalli, CEO of The Data Appeal Company