ZenaTech, Inc. Acquires Ecker Capital LLC
Expanding AI Solutions in Warehouse Management
TORONTO, Ontario, Nov. 12, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces that it has entered into an agreement to acquire Ecker Capital LLC, the holding company for warehouse management software companies InterlinkONE Inc. and Interactive Systems Inc., from ZenaTech’s affiliated company Ameritek Ventures Inc. (OTC: ATVK). This strategic acquisition will enable ZenaTech to enhance its ZenaDrone IQ Nano AI drone solution with autonomous inventory management capabilities for warehouse and logistics customers.
Driving Innovation in Inventory Management
The integration of InterlinkONE Inc. and Interactive Systems Inc.’s warehouse management software expertise with ZenaTech’s AI drone solutions will revolutionize the way businesses manage their inventory. By leveraging advanced AI algorithms and real-time data analysis, ZenaTech’s customers will benefit from improved efficiency, accuracy, and cost savings in their warehouse operations.
With the increasing demand for automation and digitization in the logistics industry, ZenaTech’s acquisition of Ecker Capital LLC demonstrates its commitment to staying at the forefront of technology innovation. By offering a comprehensive suite of SaaS solutions for warehouse management, ZenaTech is poised to drive significant value for its customers and accelerate growth in the market.
Expected Impact on Revenue and Growth
The combined operating income of InterlinkONE Inc. and Interactive Systems Inc. for the first nine months of 2024 was $354K on revenue of $678K, and $386K on revenue of $949K for FY 2023. With the addition of these software companies to its portfolio, ZenaTech anticipates a boost in recurring revenues and market share. The acquisition is subject to shareholder and regulatory approvals, but once finalized, it is expected to position ZenaTech as a leader in AI-driven warehouse management solutions.
How Will This Affect Me?
As a consumer, the acquisition of Ecker Capital LLC by ZenaTech may not have a direct impact on you. However, if you work in the logistics industry or rely on warehouse management services for your business, you can expect to see more advanced AI-powered solutions that improve efficiency and accuracy in inventory management. This acquisition may lead to enhanced capabilities in tracking and managing goods, ultimately benefiting businesses and consumers through faster and more reliable supply chain operations.
How Will This Affect the World?
ZenaTech’s acquisition of Ecker Capital LLC signals a major advancement in AI technology for warehouse management on a global scale. By combining drone solutions with innovative SaaS software, ZenaTech is paving the way for more streamlined and automated logistics processes worldwide. This move is likely to set a new standard for inventory management practices and accelerate the adoption of AI-driven solutions in various industries, contributing to increased efficiency and sustainability in supply chains across the globe.
Conclusion
Overall, ZenaTech’s acquisition of Ecker Capital LLC represents a significant step forward in the evolution of AI-driven warehouse management solutions. By leveraging the expertise of InterlinkONE Inc. and Interactive Systems Inc., ZenaTech is poised to deliver cutting-edge capabilities that will benefit businesses and consumers alike. As the demand for automation and efficiency continues to grow, ZenaTech’s strategic acquisition positions the company as a leader in the digital transformation of logistics operations.
