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The latest announcement is out from Infomedia Ltd ( (AU:IFM) ).
Infomedia Ltd has announced its strategic acquisition of a 50% stake in Intellegam GmbH, a European AI startup, for €6.1 million. This move is set to integrate Intellegam’s generative AI technology into Infomedia’s core product suite, enhancing their offerings for OEMs, dealerships, and vehicle owners. The acquisition aligns with Infomedia’s innovation agenda and aims to drive product-led growth and redefine automotive solutions through smarter insights and improved customer experiences.
More about Infomedia Ltd
Infomedia Ltd (ASX:IFM) is a leading global provider of Data-as-a-Service (DaaS) and Software-as-a-Service (SaaS) solutions tailored for the automotive industry. The company empowers the data-driven automotive ecosystem by supporting OEMs, NSCs, dealerships, and third-party partners in managing vehicle and customer lifecycles. Infomedia’s solutions are utilized by over 250,000 industry professionals, across 50 OEM brands and in 186 countries, aiming to enhance customer journeys, improve dealer efficiencies, and drive sales.
YTD Price Performance: -8.44%
Average Trading Volume: 308,086
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$529.9M
See more insights into IFM stock on TipRanks’ Stock Analysis page.
