Research Solutions acquires ResoluteAI for $2.1M cash plus earnout; adds $1.3M ARR

Research Solutions, Inc.

Cash consideration $2.1M plus earnout of 3.5x ending ARR minus enterprise value, paid over 8 quarters.
Adds $1.3M in annual recurring revenue (ARR) as of June 30, 2023, from ResoluteAI.
ResoluteAI provides AI/NLP-powered search, discovery, and knowledge management platform for science and innovation.

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