TORONTO, May 14, 2026 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a data and AI solutions and services provider, today announced the signing of a three-year Google Cloud and AI solutions agreement with a leading regional fintech operating across Argentina, Colombia and Mexico. The agreement has a total contract value of approximately USD $4 million over the three-year term. The Google Cloud licensing component is expected to generate net revenue to the Company at approximately 10% of the licensing value, net of anticipated third-party licensing costs and related expenses, with revenue recognition to be recorded in accordance with IFRS. The associated AI solutions and professional services will be delivered in line with the Company’s targeted gross margin profile.
Under the agreement, NowVertical will deliver strategic AI and data modernisation services focused on Google Gemini deployment, AI agent capabilities and AI-enabled workflow automation, supported by a multi-year Google Cloud consumption commitment for which NowVertical will act as the client’s licence partner of record. The engagement is expected to help the client connect customer, operational and financial data environments, strengthen AI-ready data foundations and apply AI across selected business workflows, expanding NowVertical’s relationship from an initial services-led engagement into a broader, recurring licence-plus-services model.
“Clients are requesting that their AI initiatives generate meaningful business value. With this engagement, our client is putting Gemini and our NowUnlock AI delivery framework to work on Google Cloud, and NowVertical is accountable for both the AI outcomes and the cloud foundation behind them. It is exactly the kind of integrated, multi-year Strategic Account relationship we are scaling.” said Sandeep Mendiratta, Chief Executive Officer of NowVertical.
This announcement follows NowVertical’s recognition as the 2026 Google Cloud Data & Analytics Partner of the Year for Latin America (https://www.nowvertical.com/news-and-media/nowvertical-group-wins-2026-google-cloud-data-analytics-partner-of-the-year-for-latin-america) marking the second consecutive year the Company has received this award.
About NowVertical Group Inc.
NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.
For further details about NowVertical, please visit http://www.nowvertical.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Andre Garber, CDO
IR@nowvertical.com
+1(647)947-0223
Investor Relations:
Bristol Capital Ltd.
Stefan Eftychiou
stefan@bristolir.com
+1(905)326-1888 x60
Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (within the meaning of applicable securities laws) which reflect the Company’s current expectations regarding future events, including statements regarding client revenue, opportunities to capitalize on strategic accounts, the Company’s ability to grow its revenue and the potential benefits of the Strategic Accounts Program. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding the Company’s expected revenue growth as a result of its partnership with Google, the Company’s expectations of expanding its portfolio of Strategic Accounts, the continued success and expected benefits of the Company’s partnership with Google, the Company’s expected revenue from GCP services generated from its partnership with Google, the expected benefits and margin profile of Google Cloud licence and consumption agreements, and any statements regarding the Company’s beliefs, plans, expectations, future, strategy, objectives, goals and targets. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of the Company’s partnership with Google; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at http://www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024 and subsequent filings. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
All of the forward-looking statements contained in this press release are qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein are provided as of the date hereof, and the Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.
