Kwarts, created in 2016, is acquired by the Danish company DLI Market Intelligence. The Hasselt firm considers this takeover as the best way to continue its growth.
Kwarts focuses on AI algorithms and offers a customer data platform for the life sciences industry. In recent years, the company has received financial injections from Volta Ventures, BlueHealth Innovation Fund, imec.istart and private investors, among others. VLAIO and EIT Health also provided support. In 2021, Kwarts made a shift from a consultancy to a product-oriented company.
Later this quarter, Kwarts will therefore be taken over by DLI Market Intelligence (DLIMI). Bart Van Proeyen, founder and CEO of Kwarts, explains that the takeover is the best option for the company to continue its progress.
“Within management, we considered various growth scenarios and critically assessed how we might give our data platform the best chance to scale. We came to the conclusion that independent marketing would be very difficult in the current international context. The further development of our own sales and service channel would not distinguish us sufficiently from other players either.’
This is why the company looked for a strategic partner, and the choice fell on DLIMI. Subsequent discussions led to a takeover. “You certainly have to be ambitious, but at the same time also pragmatic: to carry out a digital transformation in a growing ecosystem, you have to be able to cook with the right ingredients,” concludes Van Proeyen.
Kwarts focuses on AI algorithms and offers a customer data platform for the life sciences industry. In recent years, the company has received financial injections from Volta Ventures, BlueHealth Innovation Fund, imec.istart and private investors, among others. VLAIO and EIT Health also provided support. In 2021, Kwarts made a shift from a consultancy to a product-oriented business. Later in this quarter, Kwarts will therefore be taken over by DLI Market Intelligence (DLIMI). Bart Van Proeyen, founder and CEO of Kwarts, explains that the takeover is the best option for the company to continue growing. which we might give our data platform the best chance to scale. We came to the conclusion that independent marketing would be very difficult in the current international context. The further development of our own sales and service channel would not distinguish us sufficiently from other players either.’ That is why the company looked for a strategic partner, and the choice fell on DLIMI. Subsequent discussions led to a takeover. “You certainly have to be ambitious, but at the same time also pragmatic: to carry out a digital transformation in a growing ecosystem, you have to be able to cook with the right ingredients,” concludes Van Proeyen.
,fit(1200:) "Schranz scored at farewell, Manchester United secured their ticket to the European League playoffs")