Xalles Holdings to Broaden Money Accounting Compliance Automation & Possibility Management Methods with Protominds Acquisition
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Feb 04, 2021 (NewMediaWire by way of COMTEX) —
Washington DC – (NewMediaWire (https://www.newmediawire.com)) – February 04, 2021 – Xalles Holdings Inc. (OTC: XALL), a fintech keeping firm delivering technologies and fiscal expert services alternatives, will obtain Protominds, Inc. (“Protominds”) and its wholly owned subsidiary Protominds Application Remedies Private Limited in a share purchase arrangement.
Headquartered in Milpitas, California, and with offshore operations in India, Protominds is a foremost fintech consulting and expert services firm with a proprietary complete-service regulatory cloud-dependent platform that offers reporting capabilities for post-audit economic transactions. The unified regulatory criteria compliance alternative is called FiNiCS. FiNiCS is a economic accounting compliance automation alternative aimed at serving to enterprises to optimize the price tag of improve included with monetary laws with its compliance automation solution. Via its Regulation-as-a-Company (RaaS), business clients are equipped to procedure huge volumes of granular knowledge and output hazard reports to facilitate extra significant examination.
“Protominds looks to grow its marketplace presence through the Xalles larger company enhancement footprint and scale enterprise globally,” commented Sridhar Raju and Venkatesh Kirupakaran, the Co-founders of Protominds, Inc.
“The Protominds acquisition perfectly enhances and further boosts the companies abilities of the Crown Solutions acquisition and the current subsidiaries of Xalles,” commented Venugopal Thiyyagura, President of VGR Technological innovation Associates.
“The FiNiCS system is a terrific in good shape with the Xalles mission to improve our fintech merchandise and solutions offerings,” mentioned Thomas Nash, CEO of Xalles Holdings. He continued, “We see incredible synergy with the current and prepared subsidiaries and welcome the Protominds staff into our business.”
The acquisition will make Protominds a wholly owned subsidiary of VGR Technology Associates inside of Xalles Technological know-how and adds a exclusive regulatory compliance automation & knowledge analytics merchandise to the organization portfolio. The acquisition is specific to be accomplished by February 28, 2021.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a keeping organization that focuses on direct investments in disruptive fintech companies. The business actively seeks acquisition targets in which it can devote and speed up advancement, focusing on businesses with sound administration teams and organization models, huge overall attainable marketplaces (TAM), and profitable exit options. The firm destinations emphasis on leveraging blockchain technologies to give industry-top monetary reconciliation and auditing methods, which, in excess of time, will let for the capture of recurring earnings streams. For much more info stop by: Xalles.com
About Protominds
Protominds is a main fintech consulting & services firm dependent in Milpitas, California, serving a growing record of consumers globally by means of its functions across United states & India. Main parts of knowledge include things like: automation of accounting benchmarks compliance, company money methods and analytics. For much more information and facts go to Protominds.com
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COMTEX_380202041/2549/2021-02-04T08:10:51
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