The parent company of Belfrics Global and Cognitive Apps Software Solutions, Life Clips (OTCMKTS:LCLP) on September 2, 2021, announced the next steps in integrating Cognitive Apps Software solutions with Belfics. In the last one week, the management of the three firms met for establishing a post-merger integration team as well as developing an operating model.
Belfrics, a global blockchain technology company, operates cryptocurrency exchanges. The acquisition of Belfrics Group by Life Clips includes operations in Singapore, India, Kenya, Malaysia amongst others. Belfrics’ multi-feature trading platform has 10 operational offices in 8 countries and gives digital assets as well as cryptocurrencies to its clients.
Cognitive apps offer speech-based as well as AI-powered mental health analytics platforms empowering businesses to gauge and improve the mental well-being of employees and patients, Its roadmap has Aiki B2C mobile apps, B2B solution as well as Data Set collection apps.
Presently, Belfrics distributes Cognitive Apps software in Malaysia and India. Life Clips CEO Robert Grinberg, said that the synergies between Belfrics and Cognitive apps started before the acquisition of Belfrics. Robert added that the company believes in the power of Belfricsblockchain for enhancing and empowering various types of apps beyond finance and healthcare.
The CEO also said that the meetings demonstrated synergies between the two subsidiaries and also vast opportunities available.