Parabolic targets $9.3M in annual savings after restructuring

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Go back to Parabolic targets $9.3M in annual savings after restructuring

Parabolic Announces $9.3 Million in Annualized Cost Savings from ConnectAndSell Integration and Business Unit Realignment

September 30, 2026 8:00 AM EDT

Company Completes Post-Acquisition Integration and Shared Services Implementation, Reduces Headcount and Third-Party Contractor Spend

SEATTLE, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: PARA) (d/b/a Parabolic or the Company), a leading AI-powered agentic applications technology company, today announced it has completed actions that are expected to result in approximately $9.3 million in annualized cost savings following the integration of ConnectAndSell and implementation of its new business unit operating model.

ConnectAndSell Integration and Cost Synergies

Having completed its post-closing integration of... More