Infomedia Ltd ( (AU:IFM) ) has shared an update.
Infomedia Ltd has completed the acquisition of a 50% stake in Intellegam GmbH, a European AI startup. This strategic move is expected to strengthen Infomedia’s position in the automotive data solutions market by integrating advanced AI capabilities, potentially enhancing its service offerings and expanding its influence in the automotive industry.
More about Infomedia Ltd
Infomedia Ltd (ASX: IFM) is a leading global provider of Data as a Service (DaaS) and Software as a Service (SaaS) solutions, focused on empowering the data-driven automotive ecosystem. Their solutions assist OEMs, NSCs, dealerships, and third-party partners in managing the vehicle and customer lifecycle, enhancing customer journeys, improving dealer efficiencies, and boosting sales. Infomedia’s services are utilized by over 250,000 industry professionals across 50 OEM brands in 195 countries.
YTD Price Performance: -10.86%
Average Trading Volume: 251,634
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$509.2M
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