PHILADELPHIA, PA — XponentL Data Inc. has announced the acquisition of SmartBits, a Switzerland-based consultancy specializing in digital transformation, data, and artificial intelligence. The move strengthens XponentL’s position in the Data and AI market while extending its footprint into Europe.
SmartBits, founded 24 years ago by CEO Bekim Kasumi, brings extensive expertise in digital transformation. “The acquisition by XponentL Data is an exciting opportunity to scale our expertise and expand our impact,” said Kasumi. “With XponentL’s strong capabilities in AI and data, SmartBits is well-positioned to drive innovation and deliver greater value to our clients.”
XponentL aims to leverage this acquisition to enhance its data strategy and engineering capabilities across industries such as life sciences, healthcare, and financial services. “The acquisition of SmartBits will allow us to increase our reach in Europe and bolster our platform engineering capabilities,” said Tom Johnstone, CEO of XponentL.
A key initiative following the acquisition is the launch of XponentL’s Innovation Lab. According to Matt Arellano, President of XponentL, the lab will focus on using cutting-edge technology to address clients’ critical business needs. Over the next year, the companies plan to introduce market-focused assets designed to drive growth and innovation.
This strategic acquisition underscores XponentL’s ambition to lead in AI-driven solutions while building a robust presence in Europe.
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