Nixxy acquires Wizco Group’s AI-powered interview coach Ava

Nixxy (NIXX) announced that its majority-owned, publicly traded subsidiary, Atlantic Energy Solutions, which is in the process of rebranding as CognoGroup, has acquired Wizco Group’s AI-powered interview coaching software asset, “Ava.” The company said, “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…Ava is an advanced AI-driven platform designed to help job seekers enhance their interview performance through personalized, interactive coaching sessions. 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.” Under the terms of the agreement, Atlantic Energy Solutions will acquire the Ava software from Wizco Group 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