Research Solutions acquires ResoluteAI for $3.215M; adds $1.3M ARR

Research Solutions, Inc.

Enterprise value $3.215M (≈2.5x ARR); cash at close reduced by $0.3M for deferred revenue.
Adds ~$1.3M in ARR with ~$125K/month cash burn; expects positive cash flow and adjusted EBITDA in FY24.
Earnout: 3.5x product ARR at 18 months minus $3.215M, paid in equal quarterly installments over 2 years.
Integration will bring advanced search tools to Article Galaxy within months; no price changes planned.
ResoluteAI is 100% remote, founded 2015, with two products (Foundation and Nebula) covering 20+ datasets.

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