Neu Ocean Technologies Ltd. is excited to announce the acquisition of Tazzweed, a UAE-based AI-powered procurement assistant, for $1.2 million. This acquisition marks a significant milestone in Neu Ocean's ongoing journey to lead the digital transformation of procurement, empowering businesses with cutting-edge, AI-driven solutions.

Tazzweed has been a trusted partner of Neu Ocean for several years, utilizing the Jirlie Framework to drive efficiencies in procurement and supply chain management. The Tazzweed platform has been instrumental in helping businesses streamline procurement processes, reduce costs, and make smarter, data-backed decisions. Now, as part of Neu Ocean, Tazzweed will benefit from expanded resources and expertise to take its AI-powered capabilities to new heights, delivering even greater value to its growing client base.

“We are incredibly excited to welcome Tazzweed into the Neu Ocean family,” said Islam El Gammal, Business Operations Director of Neu Ocean Technologies Ltd. “This acquisition represents an important step in our mission to reshape procurement by combining our proven track record in digital transformation with Tazzweed’s industry-leading AI technology. Together, we will deliver next-generation solutions that help businesses simplify procurement, enhance operational efficiency, and make more strategic, data-driven decisions.”

Iana Suvorova, General Manager of Tazzweed, shared her excitement about the acquisition: “We are thrilled to join forces with Neu Ocean. This is an exciting opportunity for Tazzweed to scale and innovate further. Neu Ocean’s extensive resources and expertise will enable us to integrate advanced technologies and enhance the platform, providing even more powerful procurement tools to our clients. Our shared vision to drive smarter procurement processes will undoubtedly unlock tremendous value for businesses worldwide.”

Tazzweed’s AI-powered platform has already proven itself as a game-changer in procurement by automating complex tasks, improving transparency, and providing real-time insights into supply chain management. With the backing of Neu Ocean, the platform is set to evolve, with new features and capabilities that will further streamline procurement processes, reduce risks, and help businesses stay ahead in a rapidly changing global market.

Magdalena Clarkson, Corporate Image Ambassador at Neu Ocean Technologies Ltd., added, “This acquisition is a testament to Neu Ocean’s ongoing commitment to driving innovation in procurement. Tazzweed’s advanced AI technology is a perfect fit for our vision to provide businesses with tools that not only simplify procurement but also create meaningful value. We are excited to work alongside Iana and the Tazzweed team to introduce new features and continue to push the boundaries of what is possible in procurement automation.”

The integration of Tazzweed into Neu Ocean’s ecosystem presents an exciting opportunity to create a more robust and comprehensive platform. Neu Ocean plans to expand Tazzweed’s AI-driven capabilities and integrate the platform with emerging technologies such as blockchain, machine learning, and advanced data analytics. These enhancements will further elevate the value proposition for businesses seeking smarter, more efficient procurement solutions.

“By combining the power of Neu Ocean’s technologies with Tazzweed’s platform, we are building the future of procurement,” said Islam El Gammal. “This collaboration will allow us to offer an even more seamless and intelligent solution, equipping businesses with the tools they need to optimize every step of the procurement process. Our goal is to empower our clients with the most advanced, data-driven solutions to enhance their supply chain operations, save costs, and increase profitability.”

As part of Neu Ocean’s commitment to adding value for customers, the company will continue to expand Tazzweed’s functionality, focusing on enhancing the user experience, providing personalized services, and integrating the latest innovations in procurement technology. Neu Ocean believes this collaboration will not only improve procurement outcomes but also drive long-term success for businesses across industries.

Looking ahead, Neu Ocean and Tazzweed will work closely together to build the future of procurement. By leveraging AI and other emerging technologies, they will continue to deliver smarter, more cost-effective procurement solutions that enable businesses to thrive in an increasingly competitive and dynamic marketplace.