NEWS15 September 2021

Zappi buys data science startup

Data analytics M&A News North America Technology

US – Insights platform Zappi has acquired the business and assets of Chicago-based startup Data Quorum.

steve phillips

Data Quorum was founded in 2019 by a group of statisticians and researchers, Paul Holtzman, Mary-Beth Lake and David Thomas. 

The company runs custom automated statistical analysis applications through its software-as-a-service application.

The acquisition, which was effective from 1st July, includes Data Quorum’s library of statistical tools.

Financial terms have not been disclosed, but the deal will bolster Zappi’s research tools, analysis and reporting, and adds statistical expertise.

Stephen Phillips, chief executive, Zappi (pictured), said: “Paul, Mary-Beth and David are tenured statisticians and researchers and we’re lucky to have the benefit of their expertise and statistical tools at our disposal. They will be an asset to both our platform and our culture.”

Paul Holtzman said: “We were first introduced to some of the Zappi team at Intellection 10 years ago, and we found a lot of commonalities between our two companies when we reconnected. We’re looking forward to using our expertise to build the Zappi platform and help fuel Zappi’s growth.”