Rezolve AI Acquires GroupBy for $55M, Strengthening AI-Powered Commerce Solutions

Rezolve Ai Strengthens AI Commerce Play with $55M Acquisition of GroupBy, a Platform Driving Over $30B in Annual Sales - Rezolve AI (NASDAQ:RZLV)

All GroupBy shareholders, Including VCs and debt holders, take Rezolve Ai equity as consideration in strong vote of confidence GroupBy's AI-powered search and merchandising technology fuels $30B+ in annual retail transactions - now supercharged by Rezolve Ai's advanced AI capabilities The acquisition brings $30M in expected high-margin revenue for 2025, reinforcing Rezolve Ai's position as a leader in AI-driven commerce solutions NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Following yesterday's announcement, Rezolve Ai RZLV, today confirms that it is acquiring GroupBy in an all equity transaction with a $55 million enterprise value, that will, following closing, add a high-growth, revenue-generating business to its expanding AI commerce platform. The deal is expected to bring approximately $30 million in expected high margin revenue for 2025, further strengthening Rezolve Ai's position as a leader in AI-driven commerce solutions. In a strong vote of confidence in Rezolve Ai's long-term vision, all GroupBy shareholders, including venture capital investors and structured debt holders, have chosen to take equity in Rezolve Ai as consideration. This underscores their belief in the company's future growth and upside potential as it continues its rapid expansion in the AI-powered retail sector. "GroupBy's investors and lenders recognize the immense opportunity in Rezolve Ai's platform and the scale of what we are building," said Daniel M. Wagner, CEO of Rezolve Ai. "This acquisition not only adds immediate, meaningful revenue, but it also strengthens our market position with cutting-edge AI solutions that drive real results for retailers worldwide." GroupBy's AI-driven site search and personalization technology drives over 30 billion dollars in annual sales for enterprise retailers, making it a natural fit for Rezolve Ai's suite of AI-driven commerce tools. By integrating GroupBy's technology and revenue base, Rezolve Ai is further accelerating its path toward market leadership. This acquisition also enhances Rezolve Ai's ability to serve enterprise retailers and marketplaces, complementing its growing strategic collaborations with Google, Microsoft, and Tether. These partnerships are critical to Rezolve Ai's broader vision of transforming AI-powered commerce and financial engagement at scale. The announcement of the GroupBy acquisition agreement follows a series of major milestones for Rezolve Ai, including its Microsoft partnership, Google collaboration, and Tether integration, all reinforcing the company's rapid expansion. As Rezolve Ai continues its aggressive growth trajectory, this latest transaction adds both cutting-edge technology and a strong revenue base, accelerating its mission to redefine the future of retail. About Rezolve Ai Rezolve Ai RZLV is an industry leader in AI-powered solutions, specializing in enhancing customer engagement, operational efficiency, and revenue growth. The Brain Suite delivers advanced tools that harness artificial intelligence to optimize processes, improve decision-making, and enable seamless digital experiences. For more information, visit www.rezolve.com. About GroupBy GroupBy is a leading provider of commerce site search and merchandising solutions, helping retailers and brands optimize product discovery and drive higher conversion rates. With over 12 years of experience serving blue-chip clients, GroupBy's powerful platform delivers intelligent search, dynamic merchandising, and data-driven personalization to enhance digital shopping experiences. Headquartered in Toronto, Canada, with offices in Austin, Texas, GroupBy partners with top-tier retailers to create seamless and engaging customer journeys that drive measurable business outcomes. For more information, visit www.groupbyinc.com. Media Contact Rezolve Ai Urmee Khan - Global Head of Communications [email protected] +44 7576 094 040 Investor Contact CORE IR +15162222560 [email protected] This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The actual results of Rezolve Ai Limited ("Rezolve") may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Rezolve's expectations with respect to anticipated revenue, synergies and market expansion from the GroupBy acquisition, the anticipated opportunities for Rezolve Ai and GroupBy sales from its co-selling arrangements and descriptions of future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of Rezolve's amended registration statement on Form F-4 (File No. 333-272751) filed with the U.S. Securities and Exchange Commission ("SEC") on July 5, 2024, and declared effective by the SEC on July 9, 2024 (the "Registration Statement") and its subsequent filings made with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Rezolve's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) competition, the ability of Rezolve to grow and manage growth profitably, and retain its management and key employees; (2) costs related to Rezolve's completed business combination with Armada Acquisition Corp. I; (3) changes in applicable laws or regulations; and (4) weakness in the economy, market trends, uncertainty and other conditions in the markets in which Rezolve operates, and other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Neither Armada nor Rezolve undertakes or accepts any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. RZLVRezolve AI Ltd$2.90-0.34%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Rezolve Ai to Acquire GroupBy Strengthening Market Leadership in Commerce Site Search and Digital Engagement - Rezolve AI (NASDAQ:RZLV)

NEW YORK, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Rezolve Ai RZLV, a global leader in AI-driven commerce solutions, today announced that it has entered into a purchase agreement to acquire GroupBy Inc. (www.groupbyinc.com), a leader in enterprise-grade site search, product discovery, and merchandising solutions. The acquisition's completion is subject to the fulfilment or waiver of standard closing conditions. This bold move will reinforce Rezolve Ai's position as a leader in transforming digital commerce experiences. Powering the Future of Digital Commerce GroupBy has spent over 12 years optimizing product discovery for some of the world's most recognized brands, including The Container Store, Crate & Barrel, Omaha Steaks, RS Components, Cabela's Canada, Ace Hardware, and Genuine Parts Corp. By integrating its cutting-edge site search and merchandising capabilities with Rezolve Ai's Brain Commerce suite, the acquisition will unlock an unprecedented level of personalization and AI-driven engagement for retailers. Expanding Reach, Accelerating Innovation With a robust presence in Austin, Texas, and Toronto, Canada, GroupBy will extend Rezolve Ai's North American footprint, opening doors to new growth opportunities and deepening relationships with enterprise clients. GroupBy's customers will gain access to Rezolve's next-generation conversational commerce, intelligent checkout, and real-time engagement solutions - delivering personalized, frictionless, and revenue-boosting digital shopping experiences. Additionally, GroupBy's customer relationships present upsell opportunities to leverage Rezolve Ai's real-time engagement, intelligent checkout, and geolocation solutions to drive increased merchant revenues and enhance digital shopping journeys. Commitment to Leadership Through Sales, Channels, and Acquisitions Rezolve Ai's path to market leadership is driven by a three-pronged approach: Direct Sales Execution - Rezolve Ai is actively building a world-class sales organization in both the United States and Europe to drive direct engagement with retailers and brands.Channel Partnerships - With strategic partnerships, including Microsoft and Google, Rezolve Ai is leveraging channel distribution to expand its reach across established merchant footprints.Strategic Acquisitions - The acquisition of GroupBy underscores Rezolve Ai's commitment to acquiring best-in-class commerce technology companies that enhance Rezolve's product ecosystem and the opportunity to accelerate growth. Daniel M. Wagner, CEO of Rezolve Ai, commented: "Our playbook for becoming the undisputed market leader in commerce requires three critical pillars: direct sales, broad-reaching channel partnerships, and strategic acquisitions. Today's agreement to acquire GroupBy exemplifies this strategy, adding best-in-class commerce site search capabilities to our portfolio, expanding our merchant relationships, and reinforcing our North American footprint. We are committed to scaling aggressively through sales execution, marketing investment, and continued partnerships with technology giants like Microsoft and Google." Roland Gossage, CEO of GroupBy, added: "Rezolve Ai has established itself as the market leader in conversational commerce, redefining how consumers and businesses interact online. By combining GroupBy's deep expertise in commerce site search with Rezolve Ai's cutting-edge Brain Commerce technologies, we will be poised to transform digital commerce. The synergy between our platforms will enable merchants to create highly personalized, seamless shopping experiences that bridge the gap between intelligent product discovery and frictionless transactions. Our customers and team are excited about this new chapter, and I look forward to driving innovation as part of the Rezolve Ai family." A Win-Win for Customers, Investors, and the Future of Retail The acquisition isn't just a win for Rezolve Ai - it's a resounding vote of confidence from both Rezolve AI and GroupBy's shareholders, including leading private equity investors who will take equity in Rezolve Ai as part of the deal. Their commitment signals strong belief in Rezolve Ai's continued ascent as a market leader. With the addition of GroupBy, Rezolve Ai will be positioned to lead the industry, delivering advanced site search, merchandising, and next-generation digital commerce solutions to retailers worldwide. GroupBy was advised by Cantor Fitzgerald & Co. and Faskens on the transaction. Rezolve was advised by DLA Piper LLP (US), DLA Piper (Canada) LLP and Taylor Wessing. About Rezolve Ai Rezolve Ai RZLV is an industry leader in AI-powered solutions, specializing in enhancing customer engagement, operational efficiency, and revenue growth. The Brain Suite delivers advanced tools that harness artificial intelligence to optimize processes, improve decision-making, and enable seamless digital experiences. For more information, visit www.rezolve.com. About GroupBy GroupBy is a leading provider of commerce site search and merchandising solutions, helping retailers and brands optimize product discovery and drive higher conversion rates. With over 12 years of experience serving blue-chip clients, GroupBy's powerful platform delivers intelligent search, dynamic merchandising, and data-driven personalization to enhance digital shopping experiences. Headquartered in Toronto, Canada, with offices in Austin, Texas, GroupBy partners with top-tier retailers to create seamless and engaging customer journeys that drive measurable business outcomes. For more information, visit www.groupbyinc.com. Media Contact Rezolve Ai Urmee Khan - Global Head of Communications [email protected] +44 7576 094 040 Investor Contact CORE IR +15162222560 [email protected] This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The actual results of Rezolve Ai Limited ("Rezolve") may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Rezolve's expectations to satisfy the closing conditions for the acquisition and Rezolve's expectations with respect to anticipated synergies and market expansion from the GroupBy acquisition, the anticipated transformation of digital commerce by Rezolve Ai and GroupBy sales from its co-selling arrangements and descriptions of future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of Rezolve's amended registration statement on Form F-4 (File No. 333-272751) filed with the U.S. Securities and Exchange Commission ("SEC") on July 5, 2024, and declared effective by the SEC on July 9, 2024 (the "Registration Statement") and its subsequent filings made with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Rezolve's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) competition, the ability of Rezolve to grow and manage growth profitably, and retain its management and key employees; (2) costs related to Rezolve's completed business combination with Armada Acquisition Corp. I; (3) changes in applicable laws or regulations; and (4) weakness in the economy, market trends, uncertainty and other conditions in the markets in which Rezolve operates, and other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Neither Armada nor Rezolve undertakes or accepts any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. RZLVRezolve AI Ltd$2.992.40%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Rezolve Ai to acquire GroupBy (NASDAQ:RZLV)

Rezolve Ai (NASDAQ: RZLV) has entered into a purchase agreement to acquire GroupBy. GroupBy focuses on enterprise-grade site search, product discovery, and merchandising solutions. RZLV shares rise 4.8% premarket on Thursday. Source: Press release More on Rezolve AI Limited Rezolve AI: An Early Mover In Retail AI Vertical Rezolve AI: A High Bar And Unproven Until Q4 Rezolve AI secures $30M loan to drive growth, accelerate momentum Rezolve Ai rises 4%, prices $15M stock offering Seeking Alpha's Quant Rating on Rezolve AI Limited