Datatonic, a leading cloud data and AI solutions provider, announced the acquisition of Syntio, a specialist in data engineering.
The strategic acquisition significantly bolsters Datatonic’s enterprise service offerings and global delivery capabilities with deep data engineering skills including data ingestion, data transformation and business intelligence. Syntio also adds a customer base which covers telcos, central banks and retailers across Europe to Datatonic’s growing global client list.
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Syntio was listed in the Financial Times as one of Europe’s fastest-growing companies for three years in a row. Datatonic’s acquisition brings together two highly complementary organizations, working on the toughest of data challenges, who share values and a commitment to delivering exceptional client outcomes.
For customers, combining Datatonic’s expertise in Generative AI and AI Platforms with Syntio’s deep technical specialization in data engineering, means the combined company now offers the broadest range of high-impact solutions and deep expertise to its clients.
“We are thrilled to welcome Syntio to the Datatonic family,” said Scott Eivers, CEO at Datatonic. “This acquisition is a key step in our strategy to expand our global reach and enhance our service capabilities. Syntio’s talented team and specialized expertise will be invaluable as we continue to deliver innovative data and AI solutions to our clients.”
“Joining Datatonic at this stage in the evolution of AI and data engineering is an exciting opportunity for Syntio,” said Davorin Cetto, CEO of Syntio. “The scale of offerings, the geographic coverage and our combined expertise mean our customers now have the best technology options as they navigate towards a cloud data and AI-centric future. “
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Datatonic is backed by Perwyn, a leading European private equity investor, which transforms businesses through its value-added, hands-on engagement with management teams.
Mike Rothwell, Investment Manager at Perwyn added: “We are very proud of this deal. The acquisition of Syntio expands Datatonic’s global footprint as well as adding the high quality team that Davorin and Tomislav have built. This will augment the business’ capabilities across generative AI, machine learning and data analytics. We will continue to support the growth of the business and its position as a market leading data and AI consultancy.”
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Source – businesswire
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