Tecnotree Advances to Acquire Top AIML Platform - CognitiveScale in North America to further Enhance 5G Use case Penetration
Insider information 9 December 2022 at 12:40 EETTecnotree expects that this transaction is likely to enhance ARR revenue by an additional 5M Euros in 2023. The parties expect to conclude the potential transaction within 2022 subject to completion of conditions precedent to closing a binding agreement which includes corporate, governmental and contractual approvals. Tecnotree will provide further information on the financial impact of this acquisition when providing 2023 guidance. Tecnotree and CS will decide on an appropriate transaction structure prior to closing. CognitiveScale (CS) a