Nixxy Expands AI Portfolio with Purchase of Wizco's "Ava," an AI-Powered Interview Coaching Platform
Nixxy (NASDAQ:NIXX) announced that its majority-owned subsidiary Atlantic Energy Solutions (OTC:AESO), soon to be rebranded as CognoGroup, has acquired Wizco Group's AI-powered interview coaching platform 'Ava'. The platform provides AI-tailored questioning, real-time transcription, and performance feedback for job seekers.
Under the transaction terms, AESO will issue 16,666,667 shares to Wizco stockholders, plus 20 million shares to Wizco's founders through an advisory services agreement vesting over 12 months. Nixxy maintains a convertible preferred equity position in AESO convertible to one billion shares.
Ava offers personalized interview coaching through AI-driven features including dynamic question generation, instant transcription, and performance analytics. The acquisition aligns with Nixxy's strategy to build an AI-driven business portfolio, while maintaining focus on its core AI-powered telecom and data services initiatives.
Nixxy (NASDAQ:NIXX) ha annunciato che la sua controllata maggioritaria Atlantic Energy Solutions (OTC:AESO), che presto sarà rinominata CognoGroup, ha acquisito la piattaforma di coaching per colloqui alimentata da AI di Wizco Group, 'Ava'. La piattaforma offre domande personalizzate tramite AI, trascrizione in tempo reale e feedback sulle performance per i candidati.
Secondo i termini della transazione, AESO emetterà 16.666.667 azioni agli azionisti di Wizco, più 20 milioni di azioni ai fondatori di Wizco tramite un accordo di servizi di consulenza che si maturerà nel corso di 12 mesi. Nixxy mantiene una posizione di equity preferenziale convertibile in AESO, convertibile in un miliardo di azioni.
Ava offre coaching personalizzato per colloqui attraverso funzionalità guidate da AI, tra cui generazione dinamica di domande, trascrizione istantanea e analisi delle performance. L'acquisizione si allinea con la strategia di Nixxy di costruire un portafoglio di business guidato dall'AI, mantenendo al contempo l'attenzione sulle sue iniziative principali nei servizi telecom e dati alimentati da AI.
Nixxy (NASDAQ:NIXX) anunció que su subsidiaria mayoritaria Atlantic Energy Solutions (OTC:AESO), que pronto será renombrada como CognoGroup, ha adquirido la plataforma de coaching de entrevistas impulsada por IA de Wizco Group, 'Ava'. La plataforma ofrece preguntas personalizadas mediante IA, transcripción en tiempo real y retroalimentación sobre el rendimiento para los solicitantes de empleo.
Bajo los términos de la transacción, AESO emitirá 16,666,667 acciones a los accionistas de Wizco, además de 20 millones de acciones a los fundadores de Wizco a través de un acuerdo de servicios de asesoría que se consolidará en un plazo de 12 meses. Nixxy mantiene una posición de capital preferente convertible en AESO, que se puede convertir en mil millones de acciones.
Ava ofrece coaching personalizado para entrevistas a través de características impulsadas por IA, que incluyen generación dinámica de preguntas, transcripción instantánea y análisis de rendimiento. La adquisición se alinea con la estrategia de Nixxy de construir un portafolio de negocios impulsado por IA, mientras se mantiene el enfoque en sus iniciativas principales de servicios de telecomunicaciones y datos impulsados por IA.
Nixxy (NASDAQ:NIXX)는 자회사인 Atlantic Energy Solutions (OTC:AESO)가 곧 CognoGroup으로 브랜드를 변경할 예정이며, Wizco Group의 AI 기반 인터뷰 코칭 플랫폼 'Ava'를 인수했다고 발표했습니다. 이 플랫폼은 AI 맞춤형 질문, 실시간 전사, 구직자를 위한 성과 피드백을 제공합니다.
거래 조건에 따라 AESO는 Wizco 주주에게 16,666,667주를 발행하고, Wizco의 창립자에게는 12개월에 걸쳐 발생하는 자문 서비스 계약을 통해 2천만 주를 추가로 발행할 것입니다. Nixxy는 AESO에서 10억 주로 전환 가능한 우선주 지분을 유지하고 있습니다.
Ava는 동적 질문 생성, 즉각적인 전사 및 성과 분석을 포함한 AI 기반 기능을 통해 개인화된 인터뷰 코칭을 제공합니다. 이 인수는 Nixxy가 AI 중심의 비즈니스 포트폴리오를 구축하는 전략과 일치하며, AI 기반의 통신 및 데이터 서비스 이니셔티브에 대한 집중을 유지하고 있습니다.
Nixxy (NASDAQ:NIXX) a annoncé que sa filiale majoritaire Atlantic Energy Solutions (OTC:AESO), qui sera bientôt rebaptisée CognoGroup, a acquis la plateforme de coaching d'entretien alimentée par IA de Wizco Group, 'Ava'. La plateforme propose des questions personnalisées via l'IA, une transcription en temps réel et des retours de performance pour les chercheurs d'emploi.
Selon les termes de la transaction, AESO émettra 16 666 667 actions aux actionnaires de Wizco, ainsi que 20 millions d'actions aux fondateurs de Wizco par le biais d'un accord de services de conseil qui se concrétisera sur 12 mois. Nixxy maintient une position de capital préférentiel convertible dans AESO, convertible en un milliard d'actions.
Ava propose un coaching d'entretien personnalisé grâce à des fonctionnalités pilotées par l'IA, y compris la génération dynamique de questions, la transcription instantanée et l'analyse de performance. L'acquisition s'aligne avec la stratégie de Nixxy de construire un portefeuille d'affaires axé sur l'IA, tout en maintenant l'accent sur ses initiatives principales dans les services de télécommunications et de données alimentés par l'IA.
Nixxy (NASDAQ:NIXX) hat bekannt gegeben, dass ihre mehrheitlich gehaltene Tochtergesellschaft Atlantic Energy Solutions (OTC:AESO), die bald in CognoGroup umbenannt wird, die KI-gestützte Interview-Coaching-Plattform 'Ava' von Wizco Group übernommen hat. Die Plattform bietet KI-angepasste Fragen, Echtzeit-Transkription und Leistungsfeedback für Arbeitssuchende.
Gemäß den Bedingungen der Transaktion wird AESO 16.666.667 Aktien an die Aktionäre von Wizco ausgeben sowie 20 Millionen Aktien an die Gründer von Wizco im Rahmen einer Beratungsvereinbarung, die über 12 Monate hinweg gültig wird. Nixxy hält eine wandelbare Vorzugsaktienposition in AESO, die in eine Milliarde Aktien umgewandelt werden kann.
Ava bietet personalisiertes Interview-Coaching durch KI-gesteuerte Funktionen, einschließlich dynamischer Fragen, sofortiger Transkription und Leistungsanalysen. Die Übernahme steht im Einklang mit Nixxys Strategie, ein KI-gesteuertes Geschäftsportfolio aufzubauen, während der Fokus auf den zentralen KI-gestützten Telekommunikations- und Datenservice-Initiativen bleibt.
- Strategic expansion into AI technology market
- No dilution of NIXX shares in the transaction
- Acquisition includes IP, commercial contracts, and business relationships
- Significant share issuance by subsidiary AESO causing dilution at subsidiary level
- Acquisition cost primarily paid in stock rather than cash
Insights
Nixxy's strategic acquisition of AI interview platform Ava through its subsidiary Atlantic Energy Solutions (AESO) represents a calculated portfolio expansion with neutral near-term financial impact.
The transaction structure is noteworthy - AESO will issue 16,666,667 shares to Wizco stockholders plus 20 million additional shares to Wizco founders that vest over 12 months. Importantly, no NIXX shares are being issued, preventing direct shareholder dilution. Nixxy maintains significant control through a convertible preferred position representing one billion AESO shares upon conversion.
This subsidiary-level transaction allows Nixxy to expand its AI portfolio while isolating acquisition risks. The company is deliberately using AESO as an incubator for AI ventures beyond its core telecom business, with explicit mention of potential "monetization through spinout, divestiture, or other value-creating initiatives."
While strategically aligned with Nixxy's AI ambitions, the acquisition lacks immediate revenue projections or profitability metrics for Ava. The platform appears operational with a customer base, but financial performance details are conspicuously absent. The deal exemplifies Nixxy's dual-track approach: scaling near-term revenue in AI telecom while cultivating longer-term opportunities in adjacent AI markets.
For investors, this represents incremental portfolio expansion rather than a transformative acquisition, with value realization likely dependent on future monetization events rather than immediate financial contribution.
Nixxy's acquisition of Ava represents a calculated entry into the AI-powered career development space with potential synergies across its AI portfolio. The technology itself addresses a genuine market need with clear differentiation.
Ava's technical capabilities include AI-tailored questioning, real-time transcription, and performance feedback - core functionalities that leverage natural language processing and sentiment analysis. The platform's ability to generate contextually relevant questions based on target roles and employers suggests sophisticated prompt engineering and potentially proprietary training data from "tens of thousands of successful coaching experiences."
The strategic timing is notable as remote work has globalized the talent competition. Ava's AI coaching creates scalable competitive advantages for job seekers in this environment. However, this market segment faces moderate competitive pressure from both established career platforms and generative AI tools that can be adapted for interview preparation.
From an integration perspective, the acquisition appears straightforward as a software asset purchase, though scaling will require infrastructure investment and potential AI model refinement. The advisory arrangements with Wizco founders (tied to share vesting) suggests knowledge transfer priorities.
While the technology shows promise, Nixxy has provided no metrics on user base size, engagement statistics, or revenue model details that would indicate Ava's market penetration. The platform's reported job placement success rate represents a compelling value proposition if verifiable, but lacks specific performance benchmarks for investor evaluation.
NEW YORK, NY / ACCESS Newswire / March 7, 2025 / Nixxy, Inc. (NASDAQ:NIXX) ("Nixxy" or the "Company") today announced that its majority-owned, publicly traded subsidiary, Atlantic Energy Solutions, Inc. (OTC:AESO), which is in the process of rebranding as CognoGroup, Inc., has acquired Wizco Group, Inc.'s ("Wizco") AI-powered interview coaching software asset, "Ava."
Founded in May, 2020, New York-based Wizco is a personalized career management hub that integrates cutting-edge AI with human knowledge, helping individuals with all career-related decisions, from career planning and interview preparation to professional upskilling and securing job offers.
This asset purchase is part of Nixxy's broader strategy to build a synergistic portfolio of AI-driven businesses and technologies that address high-impact, scalable market opportunities. In 2024, Nixxy's shareholders approved a spin-off of certain legacy assets and liabilities into AESO as part of a corporate reorganization.
Commenting on the transaction, Nixxy Interim CEO Miles Jennings, who also serves as CEO of AESO, stated, "Our purchase of Ava aligns seamlessly with our strategic vision of leveraging AI to drive meaningful transformation across industries with high, technology-driven growth potential. Our priority remains scaling our core AI-driven telecom and data services, where we see strong near-term revenue potential. At the same time, we continue to identify and cultivate high-value, IP-rich opportunities that enhance the long-term intrinsic value of our growing portfolio.
"As we develop AESO (to be rebranded as CognoGroup) into an integrated AI portfolio focused on building human creative potential, we are continuing to evaluate its potential for monetization whether through a spinout, divestiture, or other value-creating initiatives."
Ava: AI-Powered Interview Coaching at Scale
Ava is an advanced AI-driven platform designed to help job seekers enhance their interview performance through personalized, interactive coaching sessions. The product is live at: https://demo.wizco.io/ava. Leveraging insights from tens of thousands of successful coaching experiences, Ava provides:
AI-Tailored Questioning: Ava dynamically generates interview questions based on the user's target role, industry, and prospective employer, ensuring a relevant and engaging preparation experience.
Real-Time Transcription & Performance Feedback: Responses are transcribed instantly, with AI-driven analytics, communication insights, and personalized recommendations to improve interview techniques.
Structured and Efficient Practice Sessions: Each session consists of targeted interview questions, typically lasting 20 minutes, providing users with a focused and effective training experience.
Demonstrated Effectiveness: Wizco previously reported that a significant, above average percentage of Ava users secured job offers within 90 days, highlighting the platform's impact in real-world career advancement.
Today, with many jobs being offered as remote work opportunities, job seekers compete not merely with their local peers, but with their peers worldwide. Job seekers need to avail themselves of every possible advantage. Ava's AI-powered approach streamlines interview preparation by offering job seekers actionable insights and tailored guidance, equipping them with the skills and confidence needed to excel in today's competitive job market.
Transaction Terms
Under the terms of the agreement, Atlantic Energy Solutions, Inc. (OTC:AESO), a majority-owned subsidiary of Nixxy, Inc. (NASDAQ:NIXX), will acquire the Ava software from Wizco Group, Inc., along with its related intellectual property, commercial contracts, and business relationships. As consideration, AESO is obligated to issue 16,666,667 shares of its own common stock to Wizco's stockholders, subject to downside protection provisions. Additionally, AESO will issue ten million shares of AESO common stock to each of the two Wizco founders as part of an advisory services agreement, with these shares vesting over 12 months. Nixxy is not issuing any NIXX stock in this transaction and holds a convertible preferred equity position in AESO which, upon conversion, would represent one billion shares of AESO common stock. Full transaction details will be available in Nixxy's filing on Form 8-K with the SEC at www.sec.gov.
Strategic Portfolio Expansion into AI-Driven Workforce Solutions
The addition of Ava to CognoGroup's AI platform portfolio exemplifies Nixxy's ongoing expansion into transformational AI technologies. Under CognoGroup's ownership, Ava will continue to develop, integrate, and scale with additional AI-driven features. While Ava adds a new dimension to Nixxy's AI strategy, the Company remains committed to advancing its previously announced AI-powered telecom initiatives.
About Nixxy
Nixxy (NASDAQ:NIXX) is an AI-focused technology company dedicated to transforming industries through innovation and strategic acquisitions. By acquiring and modernizing businesses with next-generation technology, Nixxy unlocks new market potential, drives efficiencies, and accelerates digital disruption. With a growing portfolio of AI-powered solutions, Nixxy is positioned to lead the next era of AI-driven industry transformation.
Forward-Looking Statements and Legal Disclaimer
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Nixxy's business strategy, anticipated financial and operational performance, growth opportunities, acquisitions, and potential monetization initiatives. Forward-looking statements are based on management's current expectations, assumptions, and beliefs but are inherently subject to risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from those projected.
These risks and uncertainties include, but are not limited to, market conditions, business execution risks, regulatory and legal developments, changes in competitive dynamics, financial performance, the ability to raise additional capital, the integration of acquired assets, and general economic conditions. There is no guarantee that Nixxy or its subsidiaries will achieve anticipated results, successfully scale its AI solutions, or complete any planned transactions, including any spin-off, divestiture, or monetization of assets.
Additionally, statements related to stock issuances, ownership structures, and potential corporate transactions are subject to regulatory approvals, market conditions, and final structuring decisions. Nixxy currently holds a convertible preferred equity position in AESO, which, upon conversion, would represent one billion shares of AESO common stock. However, there can be no assurance regarding the timing or terms of any such conversion or subsequent transactions.
No Offer or Solicitation
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Nixxy, AESO, or any of their affiliates. Any offer or sale of securities, if undertaken, will be made only pursuant to an effective registration statement filed with the SEC or in reliance upon an applicable exemption from such registration requirements.
Additional Information and SEC Filings
Investors should carefully review Nixxy's filings with the U.S. Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, which provide additional detail on risk factors, business developments, and financial conditions. These filings are available at www.sec.gov.
No Obligation to Update
Except as required by law, Nixxy undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information, or future developments. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Contact
IR@nixxy.com
https://www.nixxy.com
SOURCE: Nixxy, Inc.
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FAQ
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