Nixxy (NIXX, Financials) announced its entry into the telecommunications and data sectors with the acquisition of AI-integrated software and intellectual property assets, the company said in a statement Friday.
The transaction positions Nixxy to capitalize on a market valued at $14.21 billion in 2024, with expectations of growth at a 9.43% compound annual rate through 2029, according to the statement.
Along with billing, unified communications, and contact center solutions, the corporation purchased a vertically integrated telecoms and software platform. The second quarter of 2025 will see the deployment of the assets under a recently established company, Auralink AI.
Nixxy said that in the second quarter, it anticipates an initial monthly revenue run rate of $5 million; by the third quarter, it will have risen to $10 million. In March, the firm intends to provide financial forecasts including estimates for fiscal 2025 and 2026.
Former CEO and CFO Miles Jennings was named temporary chief executive by the company's board. According to Jennings, Nixxy has a scalable technological platform in a high-growth industry thanks to the purchase; the business is also assessing other acquisitions.
The key component of Nixxy's strategy, the worldwide market for unified communications as a service, was valued at $87.39 billion in 2024 and is expected to rise annually at 19.8%, reaching $262.6 billion by 2030, Grand View Research reports.
According to Nixxy, its AI-driven technologies are meant to improve corporate communication services including travel, hotel, insurance, healthcare, financial services, telecommunications, and industry. One main source of development mentioned by the organization is the need for integrated communication solutions.
Nixxy intends to provide further information in the next weeks.
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