Xalles Holdings: nurturing tech startups towards lucrative exits
March 28, 2024 at 08:17 am EDT
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Xalles Holdings (OTC:XALL) chairman Thomas Nash takes Proactive's Stephen Gunnion through the company's strategy of acquiring technology companies with strong assets and management teams, as well as the potential for significant growth.
Nash explained that Xalles targets early-stage companies, guiding them through a business lifecycle that spans from incubation to acceleration and growth, with the ultimate aim of achieving a profitable exit. Nash emphasized the importance of the management team and key personnel in these acquisitions, stating that companies remain wholly owned subsidiaries, retaining their original management to ensure motivation and alignment with Xalles Holdings’ goals.
Xalles Holdings does not adopt a hands-on approach in the daily operations of its acquisitions but provides support in areas like financial backing, marketing, PR, and leveraging business development networks, Nash said. This support is aimed at helping subsidiaries refine their business plans and navigate towards financial milestones effectively.
The company's acquisition strategy does not have a fixed timeframe, offering flexibility to adapt to each company's unique needs and market conditions. This strategy includes various phases, from early-stage incubation with Exotic Studio to acceleration with Exogamous Advisors and eventually to a formal acquisition under the RISE model, which stands for Roll In Selected Exit.
Pending acquisitions include 100% of Fluid Tech and a stake in WooSender, demonstrating Xalles Holdings’ diverse portfolio.
The company also reported a 234% growth in revenue year-over-year for the third quarter of 2023, marking its ninth consecutive quarter of revenue growth, attributed to strategic acquisitions and effective support for these companies.
Contact Details
Proactive North America
Proactive North America
+1 604-688-8158
NA-editorial@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Xalles Holdings Inc. is a holding company specializing in technology and financial service solutions. It is focused on developing technology-based solutions across various sectors, with an emphasis on supporting disruptive companies. It is acquiring and developing businesses in the areas of financial services technology (Fintech), supporting such areas as payments, financial compliance, foreign currency and cryptocurrency and other solutions that help to optimize Fintech related processes. It has created a financial, technological and resource backbone to support the subsidiary operating companies and external client projects. It also has a license to a patented payment card security solution. It is developing solutions to be applied to complex business and government financial transactions and payments. It is also engaged in advanced autonomous technologies for Defense and Homeland Security. Its subsidiaries include Artemis Defense Technologies UK Ltd, Xalles Capital Inc., and others.