Noventiq Launches Weaver Peer – the Indispensable AI Team Member for Business Growth

Rhea-AI Summary

Noventiq (NVIQ) announces the launch of Weaver Peer, a knowledge-based AI assistant designed to streamline business processes and knowledge sharing. The platform, built by Noventiq subsidiary Intellya, integrates generative and machine-learning models to provide real-time answers and assistance, improving efficiency and contributing to overall business success. Weaver Peer is already available on Azure Marketplace and represents a milestone in the breadth of AI capabilities offered by Noventiq.

LONDON--(BUSINESS WIRE)-- Noventiq, a global leading digital transformation and cybersecurity solutions and services provider, has announced the launch of Weaver Peer, a revolutionary knowledge-based artificial intelligence (AI) assistant, designed and built by Noventiq subsidiary, Intellya.

Built on the commercial success of AI Virtual Assistant Weaver, Intellya’s conversational AI platform, Weaver Peer offers a sophisticated virtual assistant that places the power of knowledge directly into the hands of employees, adjusting to a company’s interactive needs.

The Weaver Peer architecture platform also includes advanced Open AI services, Azure Databricks, GPT 3, and Cognitive services, as well as other solutions. The platform is already available on Azure Marketplace.

In today's fast-paced business environment, companies often grapple with the challenge of efficiently providing answers to their employees' daily and business-related questions. Valuable time is often expended on manual searches or seeking help from colleagues.

Weaver Peer overcomes traditional resource limitations by providing real-time answers and assistance, streamlining business-specific process automation and knowledge sharing. Through a combination of generative and machine-learning models, Weaver Peer seamlessly integrates into the workforce to support employees in their daily tasks, including onboarding, training, compliance and numerous other business processes. Weaver Peer works across an employee’s preferred communication channels, allowing them to obtain information within seconds.

It offers a personalized approach tailored to each employee's role, placement in the company hierarchy, and adherence to policies. This not only eliminates the need for extensive documentation but helps companies to improve their efficiency and contribute towards the overall success of the business.

As an extension of the Weaver platform, Weaver Peer represents another milestone in the breadth of AI capabilities offered by Noventiq and will be available globally to support businesses on their digital transformation journey.

Herve Tessler, Global CEO of Noventiq, commented: “At Noventiq, we firmly believe AI will serve as the driving force for change in emerging markets, propelling them to surpass even some developed economies in the adoption of cutting-edge technology. Our guiding principle, 'Global expertise, local outcomes,' underscores how we leverage technology, including AI, in our clients' digital transformation journey. With the introduction of our groundbreaking solution, Weaver Peer, we are at the forefront of incorporating Generative AI into our clients' systems, elevating productivity, and fostering exponential growth."

Milen Janjic, CEO of Intellya, a Noventiq company, commented: "With the launch of Weaver Peer, we’ve combined the latest achievements from our AI laboratory with those of our strategic partners to empower enterprises with an unparalleled AI ally. Whether enabling the automation of long processes or deep integration with internal tools, Weaver Peer not only enhances productivity but also nurtures a culture of knowledge-sharing and efficiency. It is testament to our commitment to revolutionize how businesses harness AI for success in today's dynamic landscape."

Atul Ahuja, CTO of Noventiq, commented: “Embracing AI in our modern business landscape isn't merely an option; it's a necessity. By leveraging intelligent algorithms through our solution Weaver, and now through Weaver Peer, we open doors to unprecedented efficiency and productivity, fueling innovation and empowering our company to not only meet the demands of today but lead the way into the future.”

Business Combination Agreement

As previously announced on May 4, 2023, Noventiq and Corner Growth Acquisition Corp. (NASDAQ: COOL) entered into a business combination agreement that is expected to result in the combined company being listed on Nasdaq under the symbol “NVIQ”. The proposed business combination is expected to provide Noventiq with improved access to new sources of capital, accelerate M&A opportunities, and enhance its reach and capabilities in fast-growing technology development in cybersecurity, generative AI, and other high-margin solutions and tools.

About Noventiq

Noventiq (Noventiq Holdings PLC) is a leading global solutions and services provider in digital transformation and cybersecurity, headquartered in London. The company enables, facilitates, and accelerates digital transformation for its customers’ businesses, connecting 80,000+ organizations across all sectors with a vast selection of best-in-class IT vendors, alongside its own services and solutions.

Noventiq delivered record gross revenue of $1.6 billion for the 12 months to March 31, 2023, an increase of 52% in constant currency. The company’s growth is underpinned by its three-dimensional strategy to expand its markets, portfolio, and sales channels. The strategy is supported by an active approach to M&As which enables Noventiq to take advantage of the ongoing consolidation in the industry. Noventiq's 6,400 employees work in approximately 60 countries throughout Asia, Latin America, Europe, Middle East, and Africa—markets with significant growth potential. In May 2023, Noventiq announced its intent to list on Nasdaq through a proposed business combination with Corner Growth Acquisition Corp. To learn more about Noventiq, visit https://www.noventiq.com.

About Corner Growth Acquisition Corp.

Corner Growth Acquisition Corp. (Nasdaq: COOL) is a special purpose acquisition company (SPAC) focused on partnering with a high growth technology company. Corner Growth’s mission is to deliver value to its investors by providing a compelling alternative to a traditional public offering. Corner Growth is uniquely positioned to deliver on its value-add approach given its management team’s history, experience, relationships, leadership and track record in identifying and investing in disruptive technology companies across all technology verticals.

Corner Growth also brings a group of highly respected investment professionals, with strong track records and deep individual experience in SPAC and de-SPAC processes, a rolodex of premier public market investors, and a team of advisors who offer experience and access to networks across a broad functional and physical geography.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231121255137/en/

Noventiq Contacts



Investors:

Steven Salter

VP Corporate Affairs

IR@noventiq.com



Media:

Rocio Herraiz

Global Head of Communications

pr@noventiq.com



Corner Growth Contacts:



Investors:

Ryan Flanagan

ICR

ryan.flanagan@icrinc.com



Media:

Brian Ruby

ICR

brian.ruby@icrinc.com

Source: Corner Growth Acquisition Corp. & Noventiq Holdings PLC

FAQ

What is the name of the company that announced the launch of Weaver Peer?

Noventiq (NVIQ) announced the launch of Weaver Peer.

What is Weaver Peer?

Weaver Peer is a knowledge-based AI assistant designed to streamline business processes and knowledge sharing.

Where is the platform available?

Weaver Peer is already available on Azure Marketplace.

Who built Weaver Peer?

Weaver Peer was designed and built by Noventiq subsidiary Intellya.

What does Weaver Peer offer?

Weaver Peer provides real-time answers and assistance, improving efficiency and contributing to overall business success.

What is the expected result of the business combination agreement?

The proposed business combination agreement between Noventiq and Corner Growth Acquisition Corp. (Nasdaq: COOL) is expected to result in the combined company being listed on Nasdaq under the symbol 'NVIQ'.