Almawave acquires 100% of The Data Appeal Company

almawave

The Data Appeal Company is starting 2022 with significant growth and acceleration. On December 31st, 2021 Almawave SpA, a publicly traded company part of the AlmavivA Group and leader in Artificial Intelligence, natural language analysis and Big Data services, has signed a binding agreement for the acquisition of 100% of The Data Appeal Company’s share capital.

Data Appeal and Almawave: A total synergy

Almawave SpA, an Italian company listed on the Euronext Growth Milan (Ticker: AIW) and part of the AlmavivA Group, has signed a binding agreement for the full acquisition of The Data Appeal Company.

Almawave is best known for their state-of-the-art, proprietary technologies and services applied to Artificial Intelligence in the digital evolution of organizations across various sectors. Outside of Italy, Almawave has an international presence operating around the world, especially in Brazil and the United States. 

The technological assets in Almawave’s arsenal have been designed and built as a model of natural experience in the interaction between man and machine, allowing users to interpret text and voice in over 30 languages, interact in a multi-channel key, and analyze data and information to enhance knowledge and foster automation. 

The acquisition of Data Appeal is consistent with the objectives and mission of Almawave, as confirmed by the company’s CEO, Valeria Sandei. 

 

“I am thrilled by this agreement which highlights our capacity to attract talent and which will accelerate our growth and Almawave’s value creation. Strong governance is a further aspect which will allow us to quickly realise these benefits. Finally, the technical aspects of the transaction are particularly appealing as underlining that The Data Appeal Company’s shareholders – who shall effectively become Almawave shareholders with a lock-up period – share with us a wider value creation objective and one which underlies the Almawave Group’s strategy for the coming years”, shares Sandei. 

The Data Appeal Company is a perfect fit to further pursue and strengthen our strategic objectives: we in fact share the same vision for AI, centred on the idea of ease-of-use, vertical solutions and their scalability globally. The Data Appeal Company is growing very strongly and again this year expects to outperform expectations, with a growth plan which centres on the ongoing creation of value. The company has a portfolio featuring major clients which perfectly complements ours, in sectors such as tourism, fintech, retail and boasts a team of highly-talented personnel and experts. The synergies are therefore all-encompassing: strategic, technological, commercial, operative and in terms of the portfolio and offer.

Valeria Sandei - CEO, Almawave

Data Appeal receives international recognition and an opportunity for acceleration 

Mirko Lalli, CEO and Founder of The Data Appeal Company, comments with satisfaction on the new acquisition: “The Data Appeal’s acquisition by Almawave clearly recognises the work carried out, the value created and the trajectory of the company for the coming years. I am greatly excited to begin this new development phase, which will allow us to grow faster and strengthen our position in international markets.”

"We hold firm to our mission of democratising and simplifying data-driven processes through technology and artificial intelligence and are thrilled to join forces with one of this sector’s leading companies. Sharing the same technological and market vision will allow us to further accelerate our journey and evolve our AI-driven solutions even more effectively, while enriching Almawave's offer. We are preparing to tackle the coming months on a more solid footing, maintaining our scale-up spirit”.

Mirko Lalli - CEO & Founder, Data Appeal

The Data Appeal team, products and services remain a reliable reference point for the company’s customers and partners and will now be supported by new, next-generation technology and resources offered by Almawave.

The Data Appeal Company’s managers and staff are confirmed in their positions and will be even more focused on achieving their goals, in Italy and abroad. Inter-company synergies take centerstage to further accelerate the growth path, which will be further supported as a result of this new operational integration. 

For more information, download the official press release

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