Frugl (ASX:FGL) makes smart acquisition with TrienpontJanuary 11, 2024
Frugl Group has acquired Trienpont International, a move that will enable the company to apply cutting-edge AI and machine-learning capabilities to its already highly successful comparison app.
The acquisition of Trienpont is expected to accelerate Frugl’s artificial intelligence and machine-learning capabilities – a move the company is confident will deliver even more value to its army of app users and shareholders alike.
Trienpont has a wealth of experience in transforming digital projects across a wide range of industries and has existing clients in Australia, Asia, and Western Europe.
The South-East Asian technology business specialises in digital transformation, software development, cloud migrations and integrations, and technical consulting.
Under the deal, Frugl acquires 100% of the issued share capital of Trienpont, including its business and assets, from the shareholders of Trienpont.
“Machine learning and artificial intelligence belong at the very heart of Frugl’s value proposition,” Frugl Managing Director Kenny Woo said.
“ML and AI will allow Frugl to offer its users more intelligent recommendations and enhance the quality and accuracy of the data that it offers its corporate clients.
“Trienpont’s core competencies and abilities will ensure that Frugl can future-proof its core business model and transform its products to an independently intelligent solution harnessing the power of Big Data and AI to continuously evolve and provide an unbeatable user value proposition.”
The acquisition is expected to be completed in the coming months, subject to customary closing conditions.
About Frugl Group
Frugl Group Limited is a technology company that provides an online platform for users to discover and book local experiences and services. The company’s platform leverages machine learning and artificial intelligence to provide personalised recommendations and enhance the user experience.
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