NowVertical Group Provides Update on LATAM Operations
14 September 2022 - 10:30PM
NowVertical Group Inc. (TSX-V: NOW) (“
NOW” or the
“
Company”), a big data, analytics, and vertical
intelligence (“
VI”) software and solutions company
announces its regional expansion in Mexico with the signing of a
significant contract with a large-scale retail and manufacturing
provider. NOW is also pleased to announce the addition of new
customer contracts across the Financial Services, Retail,
Pharmaceuticals, and Healthcare verticals, including HSBC
Argentina, Banco Popular, CCU, BigBox and OSDE.
To meet the growing demand for LATAM data
services, NOW has added approximately 50 full-time and contracted
staff in the region during the third quarter of 2022. Concurrently,
they are developing a permanent base of operations in Mexico City
to facilitate new growth and service its new and existing
contracts.
“The Big Data analytics market is growing
incredibly fast, and we are keeping pace with entry into new
regions; Mexico currently represents more than a quarter of LATAM's
demand for Big Data and Analytics services and provides a great
opportunity for us,” said Daren Trousdell, Chairman and CEO of NOW.
“We are very excited with the progress we are making in
establishing a solid global presence, which is highlighted by our
ability to attract some of the biggest and most respected brands
operating today.”
CoreBI, NOW’s LATAM solutions provider, is also
pleased to announce that it will be presenting in partnership with
Google Cloud at a Big Data Conference in Argentina on September 15,
2022. The in-person conference is the first of its kind since the
onset of the COVID19 pandemic, allowing regional customers and
participants to learn and discuss the opportunities that vertically
intelligent transformations provide to increase value,
competitiveness and decision-making capabilities.
About NowVertical Group
Inc.
NOW is a big data, analytics, and VI software
and solutions company growing organically and through acquisition.
NOW's VI solutions are organized by industry vertical and are built
upon a foundational set of data technologies that fuse, secure, and
mobilize data in a transformative and compliant way. The NOW
product suite enables the creation of high-value VI solutions that
are predictive in nature and drive automation specific to each
high-value industry vertical. For more information about the
Company, visit www.nowvertical.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
For further information, please contact: Daren Trousdell, Chief
Executive Officere: daren@nowvertical.comt: (212) 302-0868
or
Glen Nelson, Investor Relationse: glen@nowvertical.comt: (403)
763-9797
Forward‐Looking Statements
This news release may contain forward‐looking
statements (within the meaning of applicable securities laws) which
reflect the Company's current expectations regarding future events.
Forward-looking statements are identified by words such as
"believe", "anticipate", "project", "expect", "intend", "plan",
"will", "may", "estimate" and other similar expressions. These
statements are based on the Company's expectations, estimates,
forecasts and projections and include, without limitation,
statements regarding the future success of the Company's
business.
The forward-looking statements in this news
release are based on certain assumptions. The forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to control or predict.
Several factors could cause results to differ materially from those
discussed in the forward-looking statements. Therefore, readers
should not rely on any such forward-looking statements. Further,
these forward-looking statements are made as of the date of this
news release and, except as expressly required by applicable law,
the Company assumes no obligation to update or revise any
forward-looking statement publicly, whether as a result of new
information, future events or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/695a3541-77bd-414a-a16d-371932ba49c8.
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