CXApp’s EngineRoom Deal Boosts Run-Rate to $12M, Adds $1.6M EBITDA
CXAI•CXApp acquired EngineRoom’s analytics platform, boosting annual revenue run-rate from $4M to over $12M and adding about $1.6M in adjusted EBITDA, while gaining 50+ mid-market customers. Shares surged nearly 70% premarket, pushing toward its 100-day moving average after multiple May attempts.
1. Acquisition Details
CXApp acquired privately held EngineRoom, an AI-powered analytics platform for customer acquisition and workflow automation, for an undisclosed sum.
2. Financial Impact
The deal is expected to increase CXApp’s annual revenue run-rate from $4M to over $12M, add roughly $1.6M in adjusted EBITDA, and bring 50+ mid-market customers.
3. Stock Performance
Shares surged nearly 70% premarket, putting CXApp on track to cross its 100-day moving average after multiple May attempts to breach this technical level.
4. Leadership and Integration
EngineRoom founder Adam Laurie will join CXApp for at least three years, leading the new CXAI EngineRoom unit to drive global growth initiatives.
