Publicly traded company Recruiter.com Group, Inc (NASDAQ:RCRT), known as “Nixxy, Inc.” according to a recent SEC Form 8-K filing, has announced its expansion into the multi-billion dollar telecommunications and data sectors. This comes as a result of completing an asset purchase of an artificial intelligence (AI) integrated platform, billing, Unified Communications, and Contact Center software and systems.
The asset acquisition aligns with the company’s mandate to create efficiencies in fragmented and technology-overlooked sectors. The platform acquired has significant potential for development. It integrates AI into communications and data interconnections elements including switching, billing, and customer management. The company plans to offer these services under a new subsidiary, Auralink AI, in Q2 2025.
In other changes within the company, Miles Jennings, former CEO and CFO of the Company, has taken the helm as interim CEO, after the resignation of former CEO, Yu-san “Debra” Chen Volpone, who left the company to pursue other opportunities. This change in leadership coincides with the company’s strategic move into the telecommunications and data sectors.
Jennings commented on the acquisitions, stating, “We are thrilled to have acquired a strategic technology asset that can generate scalable revenue within an industry that offers potentially limitless upside. We’re actively evaluating several other acquisition targets, some of which may complement our new AI software platform for the telecom industry.”
The move into the telecommunications and data sectors is strategic, given that the global telecom billing revenue management market is expected to grow at a CAGR of 9.43% from 2025 to 2029, reaching roughly $20.91 billion. Further, the global unified communication as a service market is predicted to grow at a CAGR of 19.8% from 2025 to 2030, reaching around $262.6 billion.
With the newly-acquired AI platform, Nixxy is poised to tap into the potential of these growing markets, utilizing AI-powered voice and data services to enhance customer experiences and maximize ROI in various sectors including telecommunications, financial services, healthcare, insurance, travel, and hospitality.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Recruiter.com Group’s 8K filing here.
About Recruiter.com Group
Recruiter.com Group, Inc operates an on-demand recruiting platform in the United States and internationally. It offers consulting and staffing services for the placement of professional recruiters; and consulting and staffing personnel services to employers. The company also provides referrals of qualified candidates to employers; and subscription to its web-based platforms that help employers recruit talent.
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