Datatonic acquires Syntio to strengthen its data engineering capabilities

Datatonic, a cloud data and AI solutions provider, has announced the acquisition of Syntio, a specialist in data engineering. The move aims to enhance Datatonic’s enterprise service offerings and global delivery capabilities by integrating Syntio’s expertise in data ingestion, transformation, and business intelligence.

The combined entity hopes to leverage its expanded capabilities to address the increasing demand for advanced data and AI solutions. By integrating Syntio’s data engineering with Datatonic’s AI-driven approach, the company aims to deliver enhanced value to clients and solidify its position as a leader in the global data and AI services market.

Syntio, headquartered in Zagreb, Croatia, has experienced significant growth since its inception in 2017. The company has been recognized by the Financial Times as one of Europe’s fastest-growing companies for three consecutive years.

The acquisition significantly bolsters Datatonic’s service portfolio, combining its proficiency in Generative AI and AI platforms with Syntio’s deep technical specialisation in data engineering. This merger enables the combined entity to offer a comprehensive range of high-impact solutions to clients across various industries.

Scott Eivers, CEO of Datatonic, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome Syntio to the Datatonic family. 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.”

Davorin Cetto, CEO of Syntio, commented on the acquisition, saying, “Joining Datatonic at this stage in the evolution of AI and data engineering is an exciting opportunity for 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.”

Datatonic is backed by Perwyn. Mike Rothwell, Investment Manager at Perwyn, highlighted the strategic importance of the acquisition, stating, “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.”