Infomedia (ASX: IFM), Sydney, Australia-based, DaaS and SaaS solutions company, announced that it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam, a Munich, Germany-based early-stage AI startup, primarily servicing the retail automotive sector.
The purchase price of ~A$10M is split between cash and Infomedia shares and will be paid over two years. ~A$2M of the consideration will be invested directly into Intellegam to provide the business with working capital.
Led by CEOĀ Tobias Hetfleisch, Intellegam is an early-stage AI startup founded byĀ Marc Gehring,Ā Tobias HetfleischĀ andĀ Hannes BurrichterĀ who were joined byĀ Franz Wimmer, a former BMW executive. The company currently provides:
- Hands off automated data ingestion and update;
- Intuitive interaction with company information;
- Secure architecture through cloud technology;
- Transparency about the source of information;
- Accuracy based in curated and referenced data to mitigate hallucination or false information;
- Integrated process, workflows and systems.
Infomedia is a global provider of DaaS and SaaS solutions that empowers the data-driven automotive ecosystem. Its solutions help OEMs, NSCs, dealerships and 3rd party partners manage the vehicle and customer lifecycle. They are used by over 250,000 industry professionals, across 50 OEM brands and in 186 countries to create a convenient customer journey, drive dealer efficiencies and grow sales.
FinSMEs
17/02/2025