- Nowigence and EquiPPP Social Impact Technologies have entered an agreement to strengthen the CSR industry in India
- The purpose is to connect donors and service organizations to improve the lives of the underprivileged in India
- Nowigence is changing the data-gathering landscape with its Pluaris(TM) platform
Nowigence (OTCQB: NOWG), the SaaS technology company behind Pluaris, a comprehensive and turnkey AI knowledge engine, is expanding its footprint and presence in India. The company announced that it has signed a memorandum of understanding with EquiPPP Social Impact Technologies Ltd. (NSE: EQUIPPP) (https://ibn.fm/lkByC).
The two companies are creating a mutually beneficial strategic business alliance. According to the agreement, EquiPPP, a Hyderabad-based technology company, will support Nowigence’s business development efforts by promoting Nowigence products in India. In return, Nowigence, which is tailoring its core machine learning and natural language processing engine to develop IT and ITeSaaS (information technology enabled software as a service) products for corporate social responsibility (“CSR”) activities, will grant EquiPPP exclusive marketing rights for these CSR products in India.
“We are happy to partner with EquiPPP to deliver value in the growing CSR market while benefiting society at large,” said Nowigence CEO Anoop Bhatia. “We are excited to jointly bring technology into the social programs space. Together, we hope to make a significant difference in our collective social responsibility connecting donors and service organizations to improve the lives of the underprivileged.”
Nowigence is changing the data-gathering landscape with its Pluaris(TM) platform, a comprehensive, ready-to-use artificial intelligence (“AI”) offering that delivers the combined power of an intelligent reader and a smart search engine. The app reads and analyzes public and private data sources for relevant content, in real time, on any topic and for any reason.
EquiPPP is engaged in IT and ITeSaaS, providing software services and offering a digital platform that supports and allows stakeholders to collaborate in implementing CSR projects.
The agreement between the two companies comes at an ideal time. India is leading the way in the CSR space, requiring top Indian companies with annual revenues of more than $140 million, assets of more than $70 million, or net benefits exceeding $700,000 to spend 2% of their normal net benefits on CSR initiatives annually. The partnership dovetails nicely with this regulation, allowing EquiPPP to offer unique services ideally suited for this market.
“As part of our joint business development endeavor, we shall assist the top Indian companies to not only research programs for CSR but also create a transparent, unbiased and intelligent process connecting corporations, citizens, domain experts, NGOs and philanthropists with the Indian government,” said EquiPPP CEO Mahesh Ramachandran, MD.
Nowigence is an innovative software as a service (“SaaS”) company, focused on developing and bringing to market Pluaris, its comprehensive, ready-to-use artificial intelligence platform. By integrating state-of-the-art data-processing techniques in an intuitive interface at an affordable subscription price, Pluaris puts the power of data science into the hands of consumers.
For more information, visit the company’s website at www.Nowigence.com.
NOTE TO INVESTORS: The latest news and updates relating to NOWG are available in the company’s newsroom at https://ibn.fm/NOWG
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