Rezolve AI and SPH AG Partner to Revolutionize Retail with Cutting-Edge AI Solutions

Rhea-AI Summary

Rezolve AI (Nasdaq: RZLV) has announced a strategic partnership with SPH AG, a leading IT and consulting company specializing in the fashion, sports, lifestyle, and retail sectors. This collaboration aims to revolutionize these industries through the deployment of Rezolve's proprietary AI technologies, including BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant.

The partnership combines Rezolve AI's cutting-edge AI solutions with SPH AG's deep industry knowledge and expertise in digital transformation. This synergy is expected to drive business transformation, optimize customer experiences, and enhance operational efficiencies. Rezolve AI's recent NASDAQ listing aligns with its aggressive growth strategy, aiming to scale its annual recurring revenue to $100 million by the end of 2025.

Positive

• Strategic partnership with SPH AG to expand Rezolve AI's presence in fashion, sports, lifestyle, and retail sectors
• Deployment of proprietary AI technologies: BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant
• Ambitious growth plan targeting $100 million annual recurring revenue by end of 2025
• Recent NASDAQ listing (RZLV) supporting expansion strategy
• Partnerships with Chatwerk and Epages to fuel growth

Negative

• None.

Strategic Alliance Set to Transform Fashion, Sports, Lifestyle, and Retail Industries Through AI-Driven Innovation

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rezolve AI (Nasdaq: RZLV), a global leader in artificial intelligence solutions, proudly announces a partnership with SPH AG, a leading IT and consulting company renowned for its digitalization and ERP expertise in the fashion, sports, lifestyle, and retail sectors. This alliance is poised to redefine the future of these industries through the deployment of Rezolve's proprietary AI technologies, including BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant.

Unleashing the Power of AI to Drive Business Transformation
Rezolve AI's partnership with SPH AG is more than a collaboration; it's a convergence of advanced AI technology and deep industry knowledge. SPH AG, headquartered in Sindelfingen, Germany, has built a strong reputation for enabling organizations to make faster, more accurate data-driven decisions.

"We are thrilled to collaborate with SPH AG to bring our cutting-edge AI solutions to the fashion, sports, lifestyle, and retail industries," said Daniel M. Wagner, CEO and Chairman of Rezolve AI. "Our partnership will enable companies to transform their operations and drive exponential growth in the digital age."

A Synergy of Innovation: Combining Industry Expertise with AI Prowess
SPH AG not only provides robust technology solutions but also offers comprehensive support for retail companies undergoing digital transformation. By integrating strategic advice and process optimization with the implementation of innovative technologies, SPH AG distinguishes itself from other ERP providers. The synergy with Rezolve AI's proprietary technology is set to optimise customer experiences and operational advancements.

"At SPH, we are committed to helping our clients embrace the future of AI and unlock new efficiencies," said Detlef Beiter, Chairman and CEO of SPH AG. "Our collaboration with Rezolve AI allows us to leverage advanced AI technologies to offer innovative, tailor-made solutions for our clients."

A Bold Vision for the Future: Rezolve AI’s Aggressive Growth Strategy
Rezolve AI’s recent listing on NASDAQ marks the dawn of an ambitious expansion plan aimed at scaling the company’s annual recurring revenue. (ARR) to $100 million by end of 2025. This growth will be fuelled by strategic partnerships—including those with Chatwerk, a pioneer in conversational social commerce, and Epages, a leading provider of cloud-based eCommerce platforms for SMEs in Europe—as well as an expanding roster of enterprise clients.

"Partnering with a company that shares our core belief in AI's transformative power is great. SPH's fashion domain network, extensive experience in digital transformation, and process implementation will greatly accelerate our growth in the fashion sector," said Peter Vesco, GM EMEA at Rezolve.

Driving Success in a Rapidly Evolving Market
Together, Rezolve AI and SPH AG are committed to empowering businesses with AI-enabled solutions that drive success in today’s fast-paced, digital-first world. By harnessing the power of Rezolve’s proprietary technologies, this partnership is set to optimise the way businesses interact with their customers, offering dynamic, authentic, and seamless shopping experiences across all platforms.

For more information about Rezolve AI and its strategic partnership with SPH AG, please visit http://www.rezolve.com or http://www.sph-ag.com.

About SPH AG
Founded in 1975 and based in Sindelfingen, Germany, SPH AG is a leading IT and consulting firm specializing in digitalization and ERP solutions for the fashion, sports, lifestyle, and retail industries. With innovative software based on Microsoft Dynamics 365 and industry-specific solutions like IN:FASHION and IN:OMNICHANNEL, SPH AG delivers customized solutions that help organizations make data-driven decisions faster, optimize business processes, and achieve greater sustainability.

About Rezolve AI
Rezolve AI is at the forefront of the mobile commerce revolution, offering a powerful AI-driven engagement platform that transforms how retailers, brands, and manufacturers connect with consumers across mobile and desktop devices. Founded in 2016 and headquartered in London, Rezolve AI’s scalable platform provides merchants with actionable insights, enabling real-time engagement and seamless transactions.

Media Contact:
Urmee Khan
Global Head of Communications
urmeekhan@rezolve.com
+44 7576 094 040

Investor Contact:
Kevin McGrath
Managing Director
TraDigitalIR
kevin@tradigitalir.com
+1 646 418 7002

Source: Rezolve AI

FAQ

What is the partnership between Rezolve AI and SPH AG?

Rezolve AI (RZLV) has partnered with SPH AG to revolutionize the fashion, sports, lifestyle, and retail industries by deploying Rezolve's proprietary AI technologies, including BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant.

What is Rezolve AI's revenue target for 2025?

Rezolve AI (RZLV) aims to scale its annual recurring revenue to $100 million by the end of 2025 as part of its aggressive growth strategy.

What AI technologies does Rezolve AI (RZLV) offer?

Rezolve AI (RZLV) offers proprietary AI technologies including BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant, which are designed to transform retail operations and customer experiences.

How does the partnership with SPH AG benefit Rezolve AI (RZLV)?

The partnership with SPH AG provides Rezolve AI (RZLV) access to SPH's fashion domain network, extensive experience in digital transformation, and process implementation, which will accelerate Rezolve's growth in the fashion sector.