Peppermint Innovation acquired the 'application modernisation' business division of XPON Technologies (ASX:XPN).
As part of the acquisition, two of XPON's subsidiaries, Xpon Digital and Holoscribe Australia, will be renamed Peppermint Intelligence Ltd. and Peppermint Intelligence Pty. Ltd., respectively.
The move aligns with Peppermint's growth strategy and will bring additional revenue and expertise to the company without affecting its capital structure.
The AI & CX division comprises 19 professionals across various fields, which will be incorporated into Peppermint's business to improve its technology platform and customer experience.