Business
Xalles Enters Global Metadata Management Solutions Business with Adaptive Acquisition
Xalles Enters Global Metadata Management Solutions Business with Adaptive Acquisition.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"\n WASHINGTON, DC, July 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Xalles Holdings Inc. (OTC: XALL), a Fintech holding company providing technology and financial services solutions, today announces that it has executed a Share Exchange Agreement to acquire 100% of Adaptive Metadata Solutions Inc. (“Adaptive”). Adaptive Metadata Solutions is a Master Reseller of Adaptive products and provides industry leading metadata analytics (data that describes other data), and artificial intelligence solutions to large enterprises.  Adaptive provides Fortune 500 clients with essential software solutions that deliver a business discipline of data governance, control and innovation to the enterprise. Industries currently serviced include Insurance, Financial Services, Government Agencies, Healthcare, Energy, and many other regulated industries, where compliance and data governance are critical to operational and strategic success.  Adaptive is projected to generate at least $5 million in 2020 revenue and more than $10 million in revenue in 2021. Collectively, Adaptive’s product suite is used by clients that include Bank of America, Federal Reserve Bank of New York, Western Union, the U.S. Government’s General Accounting Office (GAO), Dell, United Natural Foods, and numerous central banks and financial services companies. The cloud based or on-premises Adaptive platform enables organizations to understand the entire data landscape of an enterprise providing end-to-end data lineage analytics. Gartner named Adaptive’s platform as a Leader in its 2019 Magic Quadrant for Metadata Management Solutions. Clients leverage the Adaptive platform for enhanced data governance, analytics, Artificial Intelligence and Machine Learning best practices and reuse. Adaptive Metadata Solutions Inc. is led by its CEO, Eric Reehl.  Mr. Reehl has over 25 years of experience as an investor and advisor to companies, lenders, and investors across a range of industries for both debt and equity capital.  He has led in excess of $5 billion of direct investments and restructurings as a principal or advisor.  He previously served as a Managing Director for Plainfield Asset Management LLC, a $5.2 billion Greenwich, Connecticut-based hedge fund. He received his Master’s Degree in Business and undergraduate degre...