During the recent webcast for earnings for the year ended Dec. 31, CEO Mike Reinhart said those investments included “a new AI-focused sales team, strategic senior hiring and “collaborative development of go-to market strategies alongside MIcrosoft”. “We formed the AI blackbelt sales team to synchronize with Microsoft’s strong go-to market strategy,” Reinhart said. That strategy includes deploying Copilot “on every device”. The hiring included that of Roy Kunz as EVP of the Microsoft Cloud and AI Delivery Organization in April. Reinhart said the firm has implemented Microsoft’s Copilot chatbot internally and is developing AI accelerators to help its clients deploy proof of concept for AI products. Quisitive has rapidly pivoted its business as this year it sold its PayIQ payments business and BankCard USA, following what Reinhart said was a 2023 assessment of the business. The sales, he said, reduced risk and volitivity while enhancing shareholder value. The divestitures also reduced Quisitive’s size while its cloud sales have slumped. It lost $11.6 million in 2023, compared to a loss of $10.7 million in 2022. Revenue for continuing operations for the most recently ended year was $121.2. million, down 12 percent from $137.8 million the prior year. Including the divested operations, revenue for 2022 was $187 million. Reinhart said cloud revenue has stabilized and CFO Scott Meriwether said the company expects sales for the first half of 2024 will be “relatively flat to 2023” with modest growth coming late in the year. With the disposals, Quisitive was able to substnatially reduce debt. Meriwether also. noted that thecloud business was "overburdened" with corporate costs and Quisitive will be looking for places to optimize operations