Irisity AB (publ) Announces planned streamlining of group operations ahead of Ultinous Zrt acquisition
Gothenburg, Sweden – March 27, 2024 – Irisity AB (publ), a provider of AI-driven video data management software has today announced plans for a strategic initiative in streamlining group operations ahead of Ultinous Zrt acquisition closing. This planned initiative’s objective would allow for the consolidation of the Ultinous Zrt operations in Q2, while also lowering the combined Irisity Group’s overall operating costs by 5-10% which amounts to an estimated MSEK 7 to 12 per year savings.Irisity AB (publ) Announces planned streamlining of group operations ahead of Ultinous Zrt acquisition