Checkin.com Group completes acquisition of AI-company DATACORP

Checkin.com Group (STO:CHECK), the company that changes how people all over the world checkin with services online, has today completed the previously communicated acquisition of the tech company DATACORP OÜ (DATACORP). DATACORP and its co-workers are specialized in developing AI software for image analysis based on neural network algorithms, computer vision and machine learning. Key personnel in DATACORP own approximately 1.3 % of the shares in Checkin.com Group AB after the completion.

The outcome of the acquisition and the combined companies will enable technological synergies but also economies of scale within cost efficiency. The acquisition is a next step in Checkin.com Group's strategy to acquire advanced technology within hyper specialized key areas that strengthens the group's already leading SaaS software for checkins. 

The deal was completed according to the terms previously communicated in a press release distributed December 15 2021, including issuance of 352880 Consideration Shares.

More information about DATACORP is available on the company's website https://datacorp.ai/.

For further information, please contact:

Jonas Köpniwsky, Head of Communications Checkin.com Group, press@checkin.com

Certified Adviser

Checkin.com Group's Certified Adviser on Nasdaq First North Growth Market is Erik Penser Bank AB, +46 8463 83 00, certifiedadviser@penser.se.

About Checkin.com Group

Checkin.com Group creates shareholder value through capital efficient growth achieved by strong organic growth and strategic acquisitions. The Group's advanced technologies and innovations offers a unique end to end solution that reshapes how consumers checkin with products and brands online. The comprehensive framework gathers multiple hyper specialized technologies that covers every aspect of a consumers checkin experience.

The company has its headquarters in Stockholm, Sweden, but operates and recruits globally to attract world-leading talent across the globe. 

Checkin.com Group's share is since 2021 listed on Nasdaq First North Growth Market under the trading symbol "CHECK". Certified Adviser is Erik Penser Bank, available via +46 (0)8 463 83 00 or by e-mail: certifiedadviser@penser.se. 

For more information about the company visit: https://group.checkin.com/investors/

Source: Cision

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