Xalles Acquires Capital Innovations Management to Support Expansion of the Staffing Business Services
Xalles Holdings Inc. (OTC: XALL) has announced its acquisition of Capital Innovations Management, LLC (CIM), projected to generate approximately $4 million in revenue for 2023. This acquisition will enhance Xalles' staffing capabilities in technology and healthcare markets. CIM, based in Houston, specializes in domestic staffing services across multiple sectors. Additionally, Xalles' subsidiary, VGR Technology Partners, will integrate its domestic staffing portfolio into CIM while shifting its focus to international staffing. The acquisition is set to be finalized by March 31, 2023.
- Projected revenue contribution of approximately $4 million for 2023.
- Expansion of staffing capabilities in technology and healthcare markets.
- Creation of synergies between existing subsidiaries within Xalles.
- None.
CIM is Expected to Contribute Approximately
WASHINGTON, DC, March 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Texas-based Capital Innovations Management, LLC (“CIM”) to become a wholly owned subsidiary under Xalles Technology Inc.
Capital Innovations Management primarily provides domestic staffing services to clients in all vertical markets. CIM is based in the metro Houston, Texas, area. VGR Technology Partners Inc., an existing wholly owned subsidiary of Xalles and a Houston area-based company specializing in information technology staffing, will roll its domestic staffing portfolio into CIM and then be divested to focus on international staffing.
“We are excited to have CIM’s staffing capabilities added to the Xalles corporate structure to expand our inroads into the technology and healthcare markets,” stated Xalles Holdings CEO Thomas Nash. He continued, “this addition sets up new synergies between existing entities within the Xalles family and expanded external revenue capture.”
The CIM acquisition is contracted to be completed on or before March 31, 2023.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain and other technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: Xalles.com.
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Investor Relations Contact:
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