Rezolve Ai Expands AI Leadership with Successful Acquisition of GroupBy
Deal News | Mar 26, 2025 | Globenewswire
Rezolve Ai, a leading firm in AI-powered commerce, has finalized its acquisition of GroupBy, a prominent name in commerce search and product discovery platforms. This strategic move is anticipated to amplify Rezolve Ai’s position and capabilities in the eCommerce sector. GroupBy’s advanced product discovery features align seamlessly with Rezolve Ai’s existing AI-driven digital engagement tools, promising enhanced services for merchants and consumers via personalized and intelligent commerce experiences. The acquisition, estimated to influence over $30 billion in annual sales, will help Rezolve Ai scale its offerings, particularly in AI-powered site search and personalized shopping. Daniel M. Wagner, CEO of Rezolve Ai, sees this as a transformative phase that will enable sustained innovation and service excellence. As they integrate GroupBy’s expertise, Rezolve Ai plans to expand into new markets, reinforcing its global presence. The organization remains committed to maintaining high service standards amid its growth initiatives.
Sectors
- Artificial Intelligence
- E-commerce
- Technology
Geography
- United States – Rezolve Ai is based in New York, and the acquisition involves GroupBy’s American operations.
- United Kingdom – GroupBy UK Ltd. is one of the entities acquired, showing a geographical presence involved in this acquisition.
- Canada – GroupBy Inc. originates from Canada, highlighting the geographic diversity of the deal.
Industry
- Artificial Intelligence – Rezolve Ai specializes in AI-powered solutions, and the acquisition of GroupBy enhances its AI capabilities in commerce.
- E-commerce – The transaction is aimed at strengthening Rezolve Ai's position within the rapidly growing eCommerce sector, providing advanced site search and product recommendation solutions.
- Technology – Both Rezolve Ai and GroupBy belong to the technology sector, providing digital and AI-driven solutions for commerce.
Financials
- 30 billion annual sales – Revenue driven by GroupBy’s platform for its clients.
Participants
Name | Role | Type | Description |
---|---|---|---|
Rezolve Ai | Acquiring Company | Company | A NASDAQ listed company specializing in AI-powered commerce and digital engagement solutions. |
GroupBy Inc. | Target Company | Company | A leading commerce search and product discovery platform provider. |
Daniel M. Wagner | Chief Executive Officer and Chairman | Person | CEO and Chairman of Rezolve Ai, overseeing the acquisition. |
Armada Acquisition Corp. I | Previous Business Affiliate | Company | Formerly involved in a business combination with Rezolve Ai. |