VeraScore, a leading AI-enabled platform for measuring and managing financial health, announced its acquisition of Seattle WA-based Vala AI, an innovative software management platform specializing in eliminating technical debt through Applied AI. The transaction is structured as an equity deal, with Vala AI's proprietary tools set to be integrated into VeraScore's platform to enhance its offerings and fuel future ventures. Christian Hammer, Co-Founder and CEO of Vala AI, will join VeraScore's Board of Directors, as part of the acquisition.

This acquisition marks a significant step in VeraScore's mission to redefine financial health management by incorporating Vala AI's advanced technology, which has transformed the way enterprises manage software dependencies, updates, and security. By combining VeraScore's financial health expertise with Vala AI's cutting-edge solutions, the integrated platform will deliver unparalleled capabilities to consumers and enterprises alike, enabling better financial decision-making and operational efficiency.

"We are thrilled to welcome Vala AI into the VeraScore family. This partnership represents a unique opportunity to extend our capabilities and redefine what's possible for financial health management," said Geff Woodward, CEO of VeraScore. "By integrating Vala AI's innovative tools, we can not only enhance our current offerings but also explore new ventures that leverage this transformative technology. Together, we'll empower individuals and businesses to overcome barriers and achieve their full potential."

"Vala AI was built on the belief that technology should liberate potential, not limit it. Joining VeraScore allows us to amplify that vision on a larger scale," said Mr. Hammer. "We are excited to collaborate with Geff and the VeraScore team to apply our tools in new ways, enabling groundbreaking solutions for financial health and beyond."

The integration process will begin immediately, with VeraScore incorporating Vala AI's platform into its financial health model. Over time, VeraScore plans to extend the platform's application to new markets and industries, further solidifying its position as a leader in innovation and AI-driven solutions.