Tecnotree Concludes CognitiveScale Transaction in the United States of America
On Saturday, 10th of December 2022 at 10:00 am EET, Tecnotree concluded the purchase of assets belonging to CognitiveScale(CS). The agreement covered the transfer of all CS Intellectual Property including its Truststar, Cortex, and Certfai platforms. Further, CognitiveScale Inc. has transferred all patents including 108 granted patents to Tecnotree. The award-winning AIML platform empowers businesses by automating decision intelligence while 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 customers' expectations.
The integration of the award-winning CS cortex AI/ML engineering capabilities into Tecnotree's 5G multi-cloud enabled digital stack, will enhance Tecnotree's ability to provide intelligent and immersive customer experience journeys, intuitive and integrated catalogs and further enhance our customer's abilities to monetize intelligence over the network. This acquisition will allow us to deliver an excellent experience for project MTNN-Metamorphose powered by Tecnotree (announced earlier this year) which requires AI-enabled customer segmentation, 360 customer journeys, and delivery of digital customer delight. Tecnotrees foray into adjacent partner ecosystems and B2B2X marketplaces will be further enhanced by the predefined blueprints on the CS platform for the healthcare, banking, insurance, and commerce verticals, additionally extended with Telcom blueprints for AI.
Padma Ravichander, CEO, Tecnotree Oyj says, "This is a milestone achievement for Tecnotree in multiple ways:
This acquisition elevates Tecnotree from a digital BSS platform provider to an AI-first total experience provider across physical and digital journeys.
Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. 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 comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience 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, please visit www.tecnotree.com.
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