reAlpha Tech Corp. to Acquire Naamche to Develop Next-Generation AI Solutions in Real Estate and Diverse Digital Platforms

reAlpha Tech Corp. (“reAlpha” or the “Company”) (Nasdaq: AIRE), a real estate technology company focused on developing, utilizing and commercializing real estate-focused artificial intelligence (“AI”) to drive efficiency, sustainability and growth, announced today that it has entered into definitive agreements to acquire (the “Acquisition”) Naamche, Inc. and Naamche, Inc. Pvt. Ltd. (collectively, “Naamche”), a technology company focused on developing AI-powered solutions for large industries, including real estate. Acquiring Naamche will serve to advance reAlpha’s long-term plan to become a leading AI solutions provider for the real estate industry.

reAlpha will leverage Naamche’s AI, machine learning, data engineering and marketplace creation technologies and capabilities to advance its strategy to deliver innovative real estate AI solutions. This Acquisition will provide reAlpha with a talented team of 25 software engineers, developers, UX designers and creatives to concept, design and implement custom digital products to meet the demand for AI-based real estate technologies. Naamche’s expertise will help expand reAlpha’s product portfolio and bolster its research and development program.

“With the digitization of the global real estate market accelerating at an unprecedented pace, we believe the intersection of real estate and technology has never been more critical,” said Giri Devanur, CEO of reAlpha. “We are excited to bring the company’s experienced leadership, unique capabilities and mutual desire to help lead the real estate industry’s technological revolution. This transaction aligns with our strategy to methodically build and scale an enterprise with best-in-class AI-powered solutions.”

Upon completion of the Acquisition, Naamche’s founder and CEO, Ramesh Pathak, will continue to lead Naamche as President and will report to Mr. Devanur. Naamche will integrate into reAlpha’s larger operational framework, aligning the strengths of both companies.

“Naamche’s capabilities align with reAlpha’s vision to offer a broad spectrum of practical real estate-focused services and AI technologies to its global community,” said Mr. Pathak. “Joining forces with reAlpha’s formidable technology stack, wide distribution network, and access to talent will solidify our position in an increasingly competitive market. Together, we will be better positioned to build a future where real estate owners, investors and operators have the seamless and efficient digital experiences they need wherever they are.”