24/7 Market News- Nixxy Outlines Strategic Acquisition Plan
DENVER, Colo., Oct 17, 2024 (247marketnews.com)- Nixxy (NASDAQ:NIXX) provided an update on its business acquisition strategy, which is focused on profitable businesses that operate in traditional markets and enhance their operations with technology and data analytics.
Nixxy is prioritizing sectors are ripe for digital transformation but have not yet experienced substantial technological disruption, where technology can enhance operations and efficiencies.
The acquisition targets will have net revenues between $10 million and $100 million, with 40% or better gross profit margins, and Nixxy will use Radix AI to decipher and analyze data and leverage it within specific industries.
The goal is to create at least $1 billion enterprise value in the next 3 years.
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