Saturday, 10th of December 2022 at 10:00 am EET, Tecnotree completed the purchase of assets related to Cognitive Scale(CS). The agreement covered the transfer of all CS Intellectual Property including its Truststar, Cortex, and Certfai platforms. In addition, CognitiveScale Inc. moved all patents, including 108 granted patents, to Tecnotree. AIML’s award-winning platform empowers businesses by automating decision intelligence and delivering trust and governance capabilities to detect and mitigate business risks. Today the platform provides highly personalized insights to more than 100 million customers in the United States across healthcare, commerce, insurance, realty and fintech verticals. This transaction is aligned with Tecnotree’s current global strategy and customer expectations.
The integration of award-winning CS cortex AI/ML engineering capabilities into Tecnotree’s 5G multi-cloud enabled digital stack will enhance Tecnotree’s ability to deliver intelligent and immersive customer journeys, intuitive and integrated catalogs and further enhance our customers’ ability to monetize make information. over the network. This acquisition will allow us to provide a world-class experience for the MTNN-Metamorphose project powered by Tecnotree (announced earlier this year) which requires AI-enabled customer segmentation, 360 customer journeys, and digital customer delight delivery. Tecnotree’s foray into adjacent partner ecosystems and B2B2X marketplaces will be further enhanced with the predefined CS platform blueprints for the healthcare, banking, insurance and commerce verticals, as well as expanded with Telcom’s blueprints for AI.
Padma Ravichander, CEO, Tecnotree Oyj says, “This is a milestone for Tecnotree in multiple ways:
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For our customers, we are now able to strengthen their competitive advantage in 5G monetization and customer centricity with AI-enabled telecom journeys.
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For our ecosystem partners we will provide segmented intelligence and advanced resources for better targeting and monetization.
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Our employees now have the opportunity to work on the most advanced digital AIML, RPA, Trust, and Security technologies in place worldwide, and
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For our investors, this is our entry into the North American market with a concrete offering and sustainable revenue (as ARR) in essential digital services across healthcare, fintech, telecommunications, insurance, and realty.
This acquisition elevates Tecnotree from a BSS digital platform provider to a full AI first experience provider across physical and digital journeys.
About Tecnotree
Tecnotree is a digital 5G Business Support System (BSS) player, with AI/ML capabilities and multi-cloud scalability. Tecnotree is among the first companies in the world to be Platinum certified by TM Forum Open API standards, and our agile and open source Digital BSS Stack includes the full range (order to cash) of business processes and subscription management for telecommunications and other digital services industries that create opportunities beyond connectivity. Tecnotree also provides a multi-experience Fintech and B2B2X digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V).
For more information, visit www.tecnotree.com.
See the original on businesswire.com: https://www.businesswire.com/news/home/20221212005388/en/
