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Nowvertical Group Inc
Symbol NOW
Shares Issued 43,287,748
Close 2022-07-25 C$ 0.53
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Nowvertical signs data engineering contract with AbbVie

2022-07-26 12:39 ET - News Release

Mr. Daren Trousdell reports

ABBVIE SELECTS NOWVERTICAL GROUP AS A KEY LATIN AMERICAN VERTICAL INTELLIGENCE SOLUTIONS PARTNER

Nowvertical Group Inc. has signed a multiyear contract with AbbVie SAS, a Colombia-based subsidiary of AbbVie Inc., a global biopharmaceutical company, to provide data aggregation and analytics solutions.

Under the contract, Nowvertical will implement multiplatform data engineering solutions to dramatically increase the value and application of AbbVie's data science projects. The vertically intelligent transformation efforts will increase AbbVie's data and analytics capabilities to prove out big data projects through the conformation of experienced and specialized data engineering cells. The Illinois-based biopharmaceutical company has more than 48,000 employees worldwide. AbbVie develops and markets medicines and advanced therapies to tackle some of the most complex diseases in the world, mainly immunological and oncological.

"The big data analytics market is growing incredibly fast as companies look to make bolder and more informed decisions using the data at their fingertips," said Daren Trousdell, chairman and chief executive officer of Nowvertical. "The ability to serve the needs of enterprise customers while advancing their vertical intelligence transformation is core to our mission. With a significant position in the Latin American big data analytics marketplace, which is forecast to reach more than $10-billion (U.S.) annually by 2027, Nowvertical Group and our solutions unit can deftly expand into new areas, while also providing world-class service anywhere on the planet."

This new contract with AbbVie marks further expansion of Nowvertical's presence in Colombia. It also adds to the organization's growing pharmaceutical and health practices and industry-specific VI solution set as AbbVie will be joining the ranks of current and former customers, including MSD, Bayer, Novartis, Tecnofarma and Asofarma. The contract will be executed by Nowvertical's CoreBI team, the Latin American lead for Nowvertical Solutions.

About Nowvertical Group Inc.

Nowvertical is a big data, analytics and VI software and services company that is growing organically and through acquisition. Nowvertical's VI solutions are organized by industry vertical and are built upon a foundational set of data technologies that fuse, secure and mobilize data in a transformative and compliant way. The Nowvertical product suite enables the creation of high-value VI solutions that are predictive in nature and drive automation specific to each high-value industry vertical.

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