Xalles Holdings to Broaden Money Accounting Compliance Automation & Hazard Administration Remedies with Protominds Acquisition

George T. Taft

The MarketWatch Information Office was not included in the development of this content material.

Feb 04, 2021 (Economical News Media through COMTEX) —
Washington, DC – February 4, 2021 — Xalles Holdings Inc. (OTCPK: XALL), a fintech keeping corporation offering technologies and economical services methods, will receive Protominds, Inc. (“Protominds”) and its wholly owned subsidiary Protominds Software program Options Private Minimal in a share invest in agreement.

Headquartered in Milpitas, California and with offshore operations in India, Protominds is a primary fintech consulting and services business with a proprietary entire-services regulatory cloud-based platform that offers reporting abilities for publish-audit monetary transactions. The unified regulatory specifications compliance option is known as FiNiCS. FiNiCS is a fiscal accounting compliance automation option aimed at helping enterprises to enhance the value of alter involved with financial restrictions with its compliance automation remedy. By way of its Regulation-as-a-Provider (RaaS), business shoppers are equipped to process large volumes of granular data and output danger stories to aid far more significant investigation.

“Protominds appears to be like to develop its industry existence through the Xalles larger sized enterprise development footprint and scale business globally”, commented Sridhar Raju and Venkatesh Kirupakaran, the Co-founders of Protominds, Inc.

“The Protominds acquisition perfectly complements and further enhances the services abilities of the Crown Answers acquisition and the current subsidiaries of Xalles”, commented Venugopal Thiyyagura, President of VGR Know-how Companions.

“The FiNiCS platform is a good in good shape with the Xalles mission to expand our fintech products and companies choices”, said Thomas Nash, CEO of Xalles Holdings. He ongoing, “we see great synergy with the current and planned subsidiaries and welcome the Protominds team into our group”.

The acquisition will make Protominds a wholly owned subsidiary of VGR Know-how Partners in Xalles Technological innovation and adds a distinctive regulatory compliance automation & information analytics product or service to the company portfolio. The acquisition is targeted to be concluded by February 28, 2021.

About Xalles Holdings Inc. (OTC: XALL)

Xalles Holdings Inc. is a keeping business that focuses on immediate investments in disruptive fintech businesses. The corporation actively seeks acquisition targets in which it can make investments and accelerate advancement, targeting companies with stable management groups and company models, significant full attainable markets (TAM), and lucrative exit possibilities. The corporation areas emphasis on leveraging blockchain systems to supply sector-main economical reconciliation and auditing remedies, which, in excess of time, will enable for the seize of recurring profits streams. For extra facts go to: Xalles.com

About Protominds

Protominds is a top fintech consulting & expert services enterprise dependent in Milpitas, California, serving a growing list of customers globally by means of its operations throughout United states & India. Core places of skills contain: automation of accounting benchmarks compliance, company monetary solutions and analytics. For extra facts visit Protominds.com

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This push launch has ahead-seeking statements inside the this means of Portion 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended. In some circumstances, you can detect forward-looking statements by the following text: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the unfavorable of these terms or other comparable terminology, while not all forward-hunting statements consist of these phrases. Forward-on the lookout statements are not a guarantee of future overall performance or outcomes, and will not necessarily be exact indications of the situations at, or by, which such overall performance or success will be reached. Ahead-on the lookout statements are based mostly on info accessible at the time the statements are created and contain regarded and unfamiliar risks, uncertainty and other elements that might trigger our success, ranges of activity, general performance or achievements to be materially unique from the information and facts expressed or implied by the forward-hunting statements in this press release. This press launch must be thought of in mild of all filings of the Business that are contained in the Edgar Archives of the Securities and Trade Fee at www.sec.gov and in OTC Markets at www.otcmarkets.com

Investor Relations Get hold of:



202.595.1299 Office environment

Supply: Xalles Holdings Inc.


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