About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Microsoft Acquires Data Quality Software Vendor Zoomix

Subscribe to our newsletter

Microsoft has signed an agreement to purchase Israeli start-up and enterprise data management vendor Zoomix, which was founded in 1999. According to Microsoft, the acquisition will allow it to provide customers with a data quality solution and further enhance its plans to make the SQL Server a “complete data platform for all data management needs”.

Following the acquisition, Zoomix’s development staff will join the Microsoft research and development centre in Israel, and the Zoomix solutions will be added to those of the Microsoft International SQL Server group. The financial details of the deal have not been disclosed but rumours suggest that Microsoft paid around US$25 million for the start-up.

Zoomix Accelerator, the company’s main product, uses a guided self-learning technology to learn how to parse, match, classify, and clean data. This accumulated knowledge is then applied to every new piece of information fed into the Zoomix system.

Moshe Lichtman, vice president of Microsoft International and president of R&D in Israel, explains: “Microsoft’s additional investment in Israel takes our research and development centre into the field of solutions for databases, a field that is growing rapidly and is very strategic for Microsoft International. Zoomix will contribute a critical layer of data improvement to Microsoft’s SQL Server Data Platform.”

He continues: “This capability will enable organisations to meet the requirements of complex information systems, and to streamline business processes, and is therefore expected to have a great impact on the organisation’s bottom line.”

Amir Biran, CEO of Zoomix, adds: “Our goal at Zoomix is to leverage new, sophisticated technological approaches to address critical data quality challenges in line with enterprise business processes. Microsoft has the vision and the business scale required to maximise the potential of Zoomix’s core technologies by building them into data quality solutions, which will provide in line data improvement capabilities for a variety of applications and industries.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Arcesium Warns of Data Crunch as US Pension Funds Boost Private Market Bets

Blackstone’s launch of a business unit dedicated to the creation of products that give US pension funds access to private markets has raised the data challenge for many established investment managers. Blackstone is seeking to win pension trustees over to an investment space they had traditionally been wary of or have been restricted from entering...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...