AcquisitionsJun 3, 2026, 04:37 PM
CXApp Acquires EngineRoom for $4.6M, Tripling Revenue Run-Rate
AI Summary
CXApp Inc. has acquired EngineRoom, an Australia-based AI-enabled growth intelligence platform, for approximately $4.6 million. This strategic acquisition is expected to significantly boost CXAI's financial performance, tripling its annualized revenue run-rate to over $12 million and adding approximately $1.6 million in adjusted EBITDA. The deal aims to expand CXAI's market reach, accelerate the commercialization of its Agentic AI platform, and establish a scalable foundation for global AI expansion. EngineRoom's founder, Adam Laurie, will continue to lead the acquired business as General Manager.
Key Highlights
- CXApp Inc. acquired EngineRoom for approximately $4.6 million.
- The acquisition is expected to increase CXAI's annualized revenue run-rate from $4 million to over $12 million.
- EngineRoom is expected to add approximately $1.6 million in adjusted EBITDA to CXAI.
- Approximately 65% ($2.99 million) of the purchase price was paid in cash.
- Approximately 25% ($1.15 million) was structured as performance-based earnout consideration.
- Approximately 10% ($460,000) was deposited into escrow.
- EngineRoom generated approximately $8.1 million in annual revenue with 94% recurring revenue.
- EngineRoom Founder Adam Laurie will remain as General Manager for at least three years.
Price Impact
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