CognitiveScale, the company leading AI engineering and hyper-personalization, announced today that it has completed its acquisition through an asset purchase agreement by Tecnotree, a market leader in 5G digital Business Support Systems (BSS) that has a global footprint with over 90 telecom customers in 70 countries around the world and supports ecosystems comprising over one billion subscribers.
CognitiveScale offers a market-leading AI engineering platform which is backed by more than 108 patents and enables AI-powered personalization solutions across the customer journey. Enterprises use CognitiveScale to improve the experience of the customer through their entire journey by injecting personalized, predictive, prescriptive and actionable insights across all digital channels.
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Tecnotree is a market leader in 5G digital Business Support Systems (BSS), with AI/ML capabilities and multi-cloud extensibility. Tecnotree’s global footprint with over 90 telecom customers in 70 countries around the world supports ecosystems of over one billion subscribers. Tecnotree is the first Digital Platform Service provider to be Platinum Badge Certified by TM Forum for Real World Open API standards. The company also provides B2B2X partner ecosystem and fintech services for monetization beyond connectivity across gaming, healthcare, education, and banking. Tecnotree has been recognized by Gartner for revenue management and monetization as well as for customer experience management solutions and enjoys the position of a leading stock on the Helsinki Nasdaq since 2020.
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Bob Picciano, CEO of CognitiveScale, stated, “This acquisition by Tecnotree is an exciting extension of our mission to serve new industries and markets globally with our Cortex AI platform. We are thrilled that CognitiveScale Cortex can carry on and serve as the anchor for Tecnotree’s North America presence. The power of AI to drive intelligent use cases on top of Tecnotree’s digital platform is a game changer that will deliver a personalized marketplace of applications and services for consumers in all industries.”
Padma Ravichander, CEO of Tecnotree Corporation, stated, “Tecnotree’s long-term goal is to deliver intelligent insights that will accelerate 5G monetization and total experience capabilities for its customers globally. This goal is now actualized via the CognitiveScale Cortex platform and will deepen our current telecom use cases and further establish Tecnotree as a Digital Service Provider in the North American market. CognitiveScale comes with a rich set of customers in the Healthcare and Fintech verticals that will have a positive multiplier effect on our B2B2X ecosystem play. This transaction is aligned to our current global strategy and customers’ expectations. ”
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