Rezolve AI (RZLV) said Monday it is acquiring digital experience platform Crownpeak for an initial purchase price of $90 million and the assumption of about $150 million in debt.

The consideration consists of $50 million in cash and $33.9 million in equity after adjustment, Rezolve said.

The transaction is expected to close within 24 to 48 hours, the company said.

The acquisition is expected to boost Rezolve's recurring revenue base and to be immediately accretive to earnings before interest, taxes, depreciation, and amortization, the company said.