TORONTO, Ontario – March 5, 2024 /Globe Newswire/ – NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF), a leading data analytics and AI solutions company, is pleased to announce it has renewed its contract with one of the oldest of South Africa’s “big four” banks (the “Customer”) for its NOW Privacy software. With this third consecutive renewal, the Customer has agreed to a 3-year $1.5 million commitment paid in the first half of 2024. This demonstrates a transition from previous one-year contracts to a substantial long-term partnership.

Under this multi-year renewal, NOW will continue delivering its solutions, services and cutting-edge technology through its NOW Privacy software solution. Among other use cases, NOW Privacy ensures ongoing compliance with the Protection of Personal Information Act (“POPIA”) of South Africa, effectively manages and reduces surface attack exposure, and streamlines processes for data subject access requests. The NOW Privacy technology is responsible for overseeing the management of over 1 billion unstructured data records for this Customer.

This contract solidifies NOW’s standing as a trusted partner among leading financial institutions globally. In addition to its longstanding relationship with the renewed South African bank, NOW serves a rapidly expanding portfolio of financial services clients, including industry giants like Lloyds Bank, Santander, Western Union, Industrial and Commercial Bank of China, Grupo Petersen, Banco Macro, and Banco Sol.

Sandeep Mendiratta, CEO of NOW, conveyed his satisfaction, remarking, “We are immensely pleased that another large, global financial institution has once again placed its trust in NOW to provide essential data governance solutions. It’s invigorating to collaborate with our clients, empowering them to harness the potential of our data and AI solutions to drive tangible business outcomes by unlocking the inherent value within their data. Our suite of solutions and services remains instrumental in empowering our global financial clients not only to meet but exceed regulatory compliance standards, proactively track data access, mitigate risk, and foster meaningful customer engagements.”

About NowVertical Group Inc.: 

NowVertical Group is a data analytics and AI solutions company offering comprehensive solutions, software and services. As a global provider, we deliver cutting-edge data, technology, and artificial intelligence (AI) applications to private and public enterprises. Our solutions form the bedrock of modern enterprises, converting data investments into business solutions. NOW is growing organically and through strategic acquisitions. For further details about NOW, please visit www.nowvertical.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:  

Andre Garber, Chief Development Officer
IR@nowvertical.com

Glen Nelson, Investor Relations and Communications
glen.nelson@nowvertical.com
t: (403) 763-9797

TORONTO, Ontario – January 23, 2024 / Globe Newswire / – NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF), a leading data analytics and AI solutions company, proudly announces a series of successful contract acquisitions with prominent government departments in Brazil through its A10 subsidiary. These contracts, amounting to approximately $1,500,000 US in total fixed-price value, signify NowVertical’s commitment to delivering cutting-edge data and analytics solutions. These solutions leverage modern technologies to enhance the efficiency of critical government functions, integrating meaningful insights seamlessly into essential processes.

CEO Sandeep Mendiratta expressed the company’s enthusiasm, stating, “Our successful collaborations with key government departments in Brazil mark a significant stride in NowVertical’s mission to transform data into tangible value. These contracts underscore our commitment to delivering advanced data and analytics technology tailored to the unique needs of our government partners. As we embark on these ventures, we are poised to showcase the real-world impact of NowVertical’s solutions and services, leveraging decades of public sector experience. We look forward to combining our expertise within the private and public sectors to provide critical services for the government.”

NowVertical’s A10 subsidiary secured a contract from the Regional Electoral Court of Minas Gerais (TRE-MG). Under this agreement, NowVertical will implement cataloging and data analysis tools on local servers to address the distinct requirements of the Electoral Justice system. This platform will be pivotal in analyzing electoral data and conducting audits for enhanced information security during restricted cloud access periods.

The Court of Justice of the State of Rondônia (TJRO) has also chosen NowVertical for a new contract. This project focuses on enabling and running the Qlik platform as a service, utilized for monitoring Monthly Productivity and Justice in Numbers. These statistical panels contribute to ​​The National Council of Justice’s (“CNJ”) Quality Award and provide granular data for CNJ’s National Judiciary Database.

Furthermore, the Department of Health of the State of Mato Grosso do Sul (SES-MS) has selected NowVertical for a comprehensive project. This initiative includes delivering tailored insights built on the Qlik Platform for various health-related initiatives, including the Vaccinometer, COVID-19, and Dengue Case Monitoring Panel, and a Transparency portal featuring public health data.

These contract wins reinforce NowVertical’s role in enabling advanced data analytics tools tailored to the specific needs of government customers, solidifying the company’s position as a trusted partner in transforming data into value for the government. NowVertical eagerly anticipates collaborating closely with government partners to achieve impactful results throughout these projects.

About NowVertical Group Inc.: 

NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. NOW’s proprietary solutions sit at the foundation of the modern enterprise by transforming AI investments into VI, enabling its customers to minimize their risk, accelerate the time to value, and reduce costs. NOW is rapidly growing organically and through targeted acquisitions. For more information about NOW, visit www.nowvertical.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:  

Andre Garber, Co-founder, CDO and Board Member
IR@nowvertical.com

Glen Nelson, Investor Relations and Communications:
glen.nelson@nowvertical.com
t: (403) 763-9797

Cautionary Statement

This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements”) and are based on assumptions, expectations, estimates and projections as of the date of this press release. Forward-looking statements in this press release include, without limitation, the Company’s ability to execute on the government contracts, the results of the Company’s collaboration with government entities in Brazil, and the Company’s goals, strategies and growth plans. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, including:  the assumption that the Company will be able to execute on the government contracts, that the Company’s collaboration with government entities in Brazil will have impactful results, the Company will be able to negotiate and secure subsequent contracts from government partners, and that the risk factors noted below, collectively, do not have a material impact on the Company’s business. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.ca, including the Company’s managements discussion and analysis for the year ended December 31, 2022 dated April 28, 2023 and the prospectus supplement (including all documents incorporated by reference therein) dated February 22, 2023. 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 publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Elevates Business Unit Leadership and Moves to Align All Key Stakeholders Across the Company

Top-Level Reorganization to Drive Tangible Integration Benefits, Reposition the Company, and Accelerate Global Growth

TORONTO, Ontario – January 15, 2024 / Globe Newswire / – NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF), a leading data analytics and AI solutions company, today announced the appointment of Sandeep Mendiratta as Chief Executive Officer of the Company. Mr. Mendiratta’s appointment is a critical step in the strategic reorganization of NowVertical designed to fast-track the integration of its global asset base and propel the company into its next phase of growth.

Mr. Mendiratta joined NowVertical in January 2023 as the former CEO of Acrotrend during the Acrotrend acquisition. He has a proven track record of scaling businesses, is a seasoned expert in the data analytics industry, and is a well-respected leader within the Company.

To support Mr. Mendiratta, the Company is also pleased to announce that Santiago Trógolo, former CEO of CoreBI, acquired by NowVertical in February 2022, will be promoted to EVP LATAM, and Mostafa Hashem, former CEO of Smartlytics, acquired by NowVertical in January 2023, will be promoted to EVP Product and Technology. Each of Mr. Mendiratta, and Mr. Hashem, have meaningful shareholdings in NowVertical and are directly aligned with other shareholders.

Over the last three years, NowVertical’s strategic acquisitions have positioned the Company as a powerhouse in data science, advanced AI solutions, and pragmatic data consultancy. This evolution has empowered NowVertical to offer comprehensive data management services to top-tier global clients spanning diverse industries and regions.

However, over the past six months, NowVertical’s board of directors (the “Board”) determined that the Company had not maximized the expected benefit from the integration of the Company’s acquisitions, nor was it effectively positioning those business units or their respective leadership teams for success.

The Board also determined that the current course of growth, and the Company’s spending across the enterprise, was unsustainable without substantial dilution to shareholders on potentially punitive terms amid poor market conditions.

In order to preserve shareholder value and put NowVertical on a course for sustainable long-term organic and inorganic growth, the Board led several critical initiatives including:

• Empowering Business Leadership: Founders and leaders of acquired business units have assumed key leadership roles within NowVertical. These founders and leaders, distinguished experts in the data analytics space, bring not only a wealth of operational expertise but also possess long-term institutional knowledge critical for navigating the complexities of the evolving industry landscape. Integration efforts will continue to elevate key performing leaders within NowVertical.
• Aligning All Key Stakeholders: Commencing the renegotiation of commitments with key business unit stakeholders to ensure cash is paid only when available, and to create an environment where all individual stakeholders are working towards the same metrics that are relevant to the Company as a whole and not just the individual business units.
• Cost Efficiencies: Initiatives to enhance financial and operational efficiency by minimizing redundancy, fostering synergies across individual business units, and reducing corporate expenses, were accelerated in Q3. These efforts, which will continue, resulted in a substantial reduction of operating cash burn from ($3.6) million USD in Q1 2023 to just ($0.3) million USD in Q3 2023.

Non-GAAP net cash flow from operations:

• Integration, Simplification and Execution: Focus on driving the integration of NowVertical’s existing business units, including across similar markets, targeting and measuring the Company’s greatest market opportunities.  Deploy an easy-to-understand framework to engage with customers and prospects. Unify the Company’s global design strategy to create clarity and efficiency in NowVertical’s offering. Execute on strategic account growth opportunities. Drive engagement and profitability through long-term recurring revenue.
• Board Refreshment and Enhancement: This past week the Board was pleased to appoint Mr. David Charron, CFO of Tiny Ltd., a technology holding company with a strategy of acquiring majority stakes in businesses; and Mr. Chris Ford, President of Intelliware Development, a consulting and technology delivery organization focused on delivering business impact through technology, and the former CEO of Capco Canada, a leading business and technology professional services firm specializing in the financial services domain. Earlier this year, the Board elevated director Elaine Kunda, Founder and Managing Partner at Disruption Ventures, a leading Canadian early-stage VC firm to the position of Board chair; and welcomed Andre Garber, NowVertical’s co-founder and Chief Development Officer, to the Board. Each of these individuals brings a unique set of skills, experience, expertise, and shareholder-focused perspective to the Board.
• Appointment of New Auditor: In October 2023, the Board was pleased to appoint Ernst & Young LLP (“EY”) as the Company’s auditor. In making its selection, the audit committee of the Board, among other factors, considered the experience of audit firms’ in working with technology and M&A-led enterprises with multiple business units.

“We are very pleased to welcome Sandeep Mendiratta as NowVertical’s CEO. Sandeep has a proven track-record of scaling businesses and driving value. In addition, the elevation of other seasoned operators from our key business units, positions NowVertical to scale a business originally and solely focused on growth by acquisition. These leaders work directly with our blue-chip customers daily, and we are excited to enable our acquisitions to truly integrate by placing the most resourceful and passionate operators where they need to be, right around the leadership table. Our management team will also benefit from our enhanced and strengthened Board who will support them with their relevant expertise and experience,” said Board Chair Elaine Kunda.

“The past year has been an active one for the Board and management team, we had to make difficult but necessary decisions to preserve shareholder value and put the Company back on track for growth. On behalf of the NowVertical board of directors, I would also like to commend Sasha Grujicic for playing a key role in our achievements, we appreciate his contributions to this transformative journey, and wish him well in his next endeavor,” continued Ms. Kunda.

“I am excited about the opportunity ahead of NowVertical and thank the Board for their confidence in me. I look forward to working very closely with all of my colleagues, to translate the hard work of integration into tangible growth opportunities. I am also committed to aligning all of our key business units towards our shared success and ultimately driving value for all of our shareholders,” said Sandeep Mendiratta, CEO of NowVertical.

Mr. Grujicic, in connection with the completion of his service as CEO, has stepped down from the Board, effective as of January 12, 2024.

The co-founder of NowVertical and an owner of over 5% of the Company’s shares, Andre Garber, will retain his current role as Chief Development Officer and Board member, steering corporate functions, capital markets, and specific M&A initiatives from the Company’s corporate headquarters in Toronto, Canada.

Investor Webinar:

NOW invites shareholders, analysts, investors, media representatives, and other stakeholders to attend a webinar where  Sandeep Mendiratta, Chief Executive Officer; Elaine Kunda, Board Chair; and Andre Garber, Chief Development Officer, will discuss the new transitions.

Webinar Registration
Date: January 15, 2024
Time: 4:30 pm EST (1:30 pm PST)
Register here: https://bit.ly/NOW-investor-update

A recording of the webinar and supporting materials will be made available in the investor’s section of the company’s website at https://nowvertical.com/news-and-media

About NowVertical Group Inc.: 

NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. NOW’s proprietary solutions sit at the foundation of the modern enterprise by transforming AI investments into VI, enabling its customers to minimize their risk, accelerate the time to value, and reduce costs. NOW is rapidly growing organically and through targeted acquisitions. For more information about NOW, visit www.nowvertical.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Andre Garber, Co-founder, CDO and Board member
IR@nowvertical.com

Glen Nelson, Investor Relations and Communications:
glen.nelson@nowvertical.com
t: (403) 763-9797

Cautionary Statement

This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements”), including, without limitation: information regarding the integration of the Company’s business units, the benefits associated with integration, the marketability of the Company’s business and the ability of the Company to meet client needs and expectations, the ability of the Company to renegotiate payments associated with the Company’s prior acquisitions, the benefits of empowering the Company’s business leaders, the alignment of key stakeholder interests, the ability of the Company to continue to achieve operational efficiencies and cost-reductions, the ability of the Company to execute on its business plan and to drive engagement and profitability, the benefits associated with the appointment of EY as the Company’s auditor, and the Company’s goals, strategies and growth plans. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: direct and indirect material adverse effects from the COVID-19 pandemic; adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.ca, including the Company’s managements discussion and analysis for the ear ended December 31, 2022 dated April 28, 2023 and the prospectus supplement (including all documents incorporated by reference therein) dated February 22, 2023. 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 publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Cautionary Note Regarding Non-IFRS Measures

This news release refers to certain financial performance measures, including “operating cash burn”, that are not defined by and do not have a standardized meaning under International Financial Reporting Standards (termed “non-IFRS measures“). Non-IFRS measures are used by management to assess the financial and operational performance of NowVertical. The Company believes that these non-IFRS measures, in addition to conventional measures prepared in accordance with International Financial Reporting Standards, enable investors to evaluate the Company’s operating results, underlying performance and prospects in a similar manner to the Company’s management. As there are no standardized methods of calculating these non-IFRS measures, the Company’s approach may differ from those used by others, and accordingly, the use of these measures may not be directly comparable. Accordingly, these non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards.

TORONTO, Ontario – January 8, 2024 / Globe Newswire / – NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF), a leading force in data analytics and AI solutions, is pleased to announce the strategic additions of two highly qualified directors, David Charron and Chris Ford, to the Company’s Board of Directors. In addition, the Company is pleased to announce the appointment of Christine Nelson as Interim Chief Financial Officer of the Company effective as of February 1, 2024, replacing Alim Virani.

“We’re excited to welcome David Charron and Chris Ford to our board,” said Elaine Kunda, NowVertical’s Board Chair. “With their expertise in capital markets, financial governance, and technical operations, they bring valuable strength to our leadership as we continue to pursue our growth strategy. We’re eager to leverage their experience to maximize growth and profitability for NowVertical’s global assets and enhance our track record in M&A execution. Our continued evolution reinforces our commitment to a more mature and integrated operating model. These changes today bring us one step closer to realizing that vision.”

Mr. David Charron is an accomplished public company CFO and Board Director renowned for his achievements in Canadian capital markets, equity financing, debt financing, mergers and acquisitions, and driving profitable growth in global technology businesses. His extensive experience includes serving as a Public and Non-Profit Board Director with organizations such as International Datacasting Corp, William Osler Health System, CMA Ontario, and serving as the Corporate Secretary for Redknee Solutions Inc. Mr. Charron currently serves as the CFO of Tiny Ltd., a TSX Venture Exchange listed holding company based in Canada with investments in North America and Europe. He has a B.Eng and an MBA from McMaster University, holds CPA and CMA designations, and is a Chartered Director (C.Dir.). Mr. Charron will assume the role of Chairman of the Audit Committee.  

Mr. Chris Ford is a senior business executive with over 20 years of market experience, specializing in strategy and implementation of technology transformation services. Mr. Ford spent six years as CEO of Capco Canada, a leading business and technology professional services firm specializing in the financial services domain, including during its USD $1.45 billion acquisition by Wipro in 2021. Recently, Mr. Ford served as program consultant in an executive capacity responsible for enterprise modernization at Jacksonville-based FIS, one of the world’s largest fintechs. Presently, Mr. Ford is President of Intelliware, a Toronto-based consulting and professional services business that provides services to customers across the US, Canada, and the United Kingdom. He is a recognized thought leader, speaker and author on technology, futurology, IT strategy, digital transformation, and performance engineering. Mr. Ford holds a Bachelor’s Degree in Systems Design Engineering with an option in Cognitive Sciences from the University of Waterloo.

In connection with these appointments, Mr. Scott Nirenberski will be resigning from his role as a board member due to other advisory engagements and the number of directors comprising the board has been increased to six.

Additionally, NOW announces that Mr. Alim Virani will be stepping down from the position of CFO, effective February 1, 2024, to pursue an opportunity with an early-stage private growth company. Mr. Virani will remain with NowVertical as an advisor through April 30, 2024. Ms. Christine Nelson, the current VP of Finance, will assume the interim CFO role, effective February 1, 2024. Ms. Nelson joined NowVertical from Brookfield Asset Management in June 2022 and has played a crucial leadership role in the Company’s financial reporting and back-office integration among business units.

“As we welcome Christine Nelson into her expanded role, we also sincerely thank Alim Virani and Scott Nirenberski for their invaluable contributions to NowVertical,” said Elaine Kunda.

About NowVertical Group Inc.: 

NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. NOW’s proprietary solutions sit at the foundation of the modern enterprise by transforming AI investments into VI, enabling its customers to minimize their risk, accelerate the time to value, and reduce costs. NOW is rapidly growing organically and through targeted acquisitions. For more information about NOW, visit www.nowvertical.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance 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 publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

For further information, please contact:  

Andre Garber, Co-founder, CDO and Board Member
IR@nowvertical.com

Glen Nelson, Investor Relations and Communications:
glen.nelson@nowvertical.com
t: (403) 763-9797

TORONTO, Ontario – December 12, 2023/Globe Newswire/ – NowVertical Group Inc. (TSX-V: NOW) (OTCQB: NOWVF) (“NOW” or the “Company”), a leading data and AI software and services provider announces strategic expansions in Peru, Mexico and a new contract with McDonald’s LATAM.  According to recent studies,⁽¹⁾ the Latin America big data analytics market size is expected to reach more than US$12 billion by 2028, growing at a CAGR of 7.67% between 2023 and 2028. Additionally, the demand in the artificial intelligence market is projected to show an annual growth rate of 18.44%, resulting in a market size of more than US$19B by 2030, creating significant market opportunity for NOW as it expands its operations throughout the region.

Peru Expansion – A New Geography for NowVertical:

NowVertical is pleased to announce it is expanding its operational reach in South America through a strategic collaboration with Google in Peru, focusing on transformative predictive analytics projects with RIMAC Seguros y Reaseguros. NOW has secured a contract to implement a predictive analytics model to enhance RIMAC’s customer experience, fortify security measures, and ensure resilient business continuity, aligning with NowVertical’s commitment to delivering tangible results and industry-leading solutions. The contract represents NOW’s first customer in Peru.

Mexico Growth – NowVertical’s Strategic Partnership with Google in Mexico:

NowVertical is extending its platform in Mexico by commencing a strategic consulting process in data governance with DMX, a holding of financial brands. In collaboration with Google, NowVertical is also pleased to announce several new contracts with Liverpool and Coppel, prominent Mexican retail conglomerates, leveraging their data and AI technologies to optimize retail operations, foster growth, and drive industry innovation.

World’s Largest McDonald’s Franchisee – NowVertical Announces Contract with Arcos Dorados (McDonald’s LATAM) across Latin America

NOW is also pleased to announce a recently secured contract with Arcos Dorados (McDonald’s LATAM) the world’s largest independent McDonald’s franchisee, operating in 20 Latin American and Caribbean countries and territories, with over 2,300 restaurants and employing over 90 thousand people. NOW will be working with the customer on several projects that include cloud data engineering and data science implementation.

“These strategic collaborations in Peru and Mexico, and our recent partnership with Arcos Dorados (McDonald’s LATAM), represent notable milestones for NowVertical, highlighting our dedication to delivering industry-leading services and solutions on a global scale,” said Sasha Grujicic, CEO of NowVertical. “These new partnerships not only offer an enticing gateway to esteemed organizations but also serve as crucial stepping stones for cultivating enduring relationships with regionally respected brands and organizations.”

These new customer contracts, partnerships and market expansion highlight NOW’s strength in implementing strategic data analysis, machine learning implementation, and AI deployment throughout LATAM. NowVertical’s commitment to pushing the boundaries of innovation and providing customized solutions across diverse industries, with the support of Google, positions the company as a global leader in data and AI solutions.

About NowVertical Group Inc.:

NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers data, technology, and artificial intelligence (AI) solutions into private and public verticals globally. NOW’s solutions sit at the foundation of the modern enterprise by enabling its customers to maximize the impact of their data and AI investments while minimizing their risk, accelerating the time to value, and reducing costs. For more information about NOW, visit www.nowvertical.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact: 

Sasha Grujicic, CEO
IR@nowvertical.com

Glen Nelson, Investor Relations and Communications: glen.nelson@nowvertical.com
t: (403) 763-9797

1. Sources: https://www.mordorintelligence.com/industry-reports/latin-america-big-data-analytics-market, https://www.statista.com/outlook/tmo/artificial-intelligence/south-america#market-size