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: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...

BLOG

Generative AI in 2024 – The Look Ahead for Investors

By Marsal Gavaldà, CTO, Clarity AI. Unlike some technology trends, the hype around generative artificial intelligence (AI) will not fade, and I expect AI to remain a priority for investors in 2024. The emergence of generative artificial intelligence (GenAI) is a watershed moment in the tech industry, as transformational as the advent of the internet,...

EVENT

Data Management Summit London

Now in its 14th 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

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...