IRVINE, Calif., April 25, 2023 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced it has signed a Stock Purchase Agreement (“SPA”) to acquire 100% ownership of Devblock Technologies, Inc. (“Devblock”), accomplishing a major milestone in the Company’s broader strategy of becoming Southeast Asia’s first neobank for SMEs. With this acquisition, the Company will add advanced AI and digital transformation capabilities to its primary competencies, further strengthening its position in the rapidly-growing digital banking sector in the region. The transaction is expected to be completed in Q2 FY2023. Post-closing, Deblock will be a wholly-owned subsidiary of the Company. Based in Seattle, WA, Devblock is a leading technology platform and development company that specializes in artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing. For over a decade, they have built core capabilities and technology to streamline cross-border software development. With a global team of well over 100 engineers based predominantly in the USA and Vietnam, Devblock has established itself as a leader in digital transformation with a proven track record of successful implementations with industry giants like Microsoft, Amazon, and eBay. Leveraging these best practices, the company is expected to maintain […]
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