The asset purchase, which encompasses the acquisition of Virtyx technology and the retention of the key Virtyx Engineering talent, will integrate Virtyx’s industry-leading cloud-native and AI technology with Syniti’s Knowledge Platform — creating a knowledge-driven software suite and enhancing Syniti's development and Engineering team.
The new cloud-native and AI technology will help advance the real-time movement, management, and workflow of data and metadata, as well as provide AI-driven predictive guidance, by analyzing historical data incidents via unmatchable dashboards and detailed graphs of over 1000 metrics.
The acquisition provides a fast path to leverage Virtyx software, expertise, and application designed for initiatives, like data quality, data governance, and data migration, which are Syniti’s specialized areas of operation.
“In a world where data drives decision-making across every domain, having insight, reporting, and predictive capabilities is imperative to prevent data from being mismanaged or, at the very least, undermanaged.” said Syniti CEO, Kevin Campbell. “With the cloud-based Syniti Knowledge Platform, infused with Virtyx technology, customers can gain greater visibility into metrics and solve critical transformation issues with the guidance, capture, and reuse of critical knowledge often locked within data.”
Syniti will incorporate new Virtyx technologies in all current and future Syniti Knowledge Platform customer solutions.
With the acquisition of Virtyx, in addition to Virtyx’s team of experts in cloud-native development, Syniti has also welcomed Virtyx Founder Jim Maniscalco, who joined Syniti as VP of Engineering.
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