Carl Capital Acquires FlowWorks

Carl Capital Corp. (CSE:CRL)(FRANKFURT:7C5) is a developer of Big-Data-as-a-Service (“BDaaS”)-based solutions for data integration and business intelligence. The company has acquired FlowWorks Inc., the owner of a Software-as-a-Service (SaaS) web-based online application.
According to the press release:

The FlowWorks application is a powerful web-based platform that allows clients to understand environmental data through a variety of collection, analysis and reporting tools. The application is currently focused on water management. FlowWorks adds a multi-faceted utility platform and other valuable components to Carl’s BDaaS platform which will allow for the development and release of other data analysis applications in the utilities sector.
This acquisition will contribute to Carl’s corporate growth strategy to build and acquire applications that assist in the collection, storage and analysis of large volumes of information for data centric companies.
FlowWorks has a committed, pre-existing customer base. Carl plans to expand upon FlowWorks’ proven marketing strategy to attract new customers by implementing innovative marketing automation technologies, which include the use of Carl’s Extend to Social Referral Marketing Application.
FlowWorks generated ~USD$831,000 (~CND$913,000) in revenue in 2014 through its proven business model and has seen continued growth this year. FlowWorks has the capacity to expand exponentially, given a more scalable backend, along with the introduction of advanced predictive analytics and a more user-friendly interface. Carl will acquire dedicated application engineers to continue to work on the FlowWorks application and assist with the necessary integration into the Carl platform.

Click here to read the press release from Carl Capital.