XponentL Data Announces the Strategic Acquisition of SmartBits, Switzerland
PHILADELPHIA--(BUSINESS WIRE)--Apr 15, 2025--
XponentL Data Inc., a leading provider of Data & AI services, today announced the acquisition of SmartBits, a leading Digital, Data & AI consultancy in Switzerland. This strategic move expands XponentL's service offerings, strengthens its position in the growing Data & AI market and expands its European footprint.
The acquisition complements XponentL's existing capabilities in data strategy and platform/software engineering. XponentL aims to enable its clients with AI-ready data, complementing its software partners with assets that drive value across Life Sciences, Healthcare, Retail, Hospitality, Energy, Manufacturing, and Financial Services—forming a foundation for growth.
Bekim Kasumi, SmartBits CEO, had this to say about the acquisition, 'I founded SmartBits in Switzerland 24 years ago to advance digital transformation. The acquisition by XponentL Data is an exciting opportunity to scale our expertise and expand our impact in Switzerland and across Europe. With XponentL's strong capabilities in AI and data, SmartBits is well-positioned to drive innovation and deliver greater value to our clients in this rapidly evolving space.'
XponentL's CEO, Tom Johnstone, expressed similar thoughts on the synergies, 'The acquisition of SmartBits will allow us to increase our reach in Europe and bolster our platform engineering capabilities.'
The initial focus of the acquisition will be launching XponentL's Innovation Lab, which will focus on helping clients quickly prove hypotheses. 'XponentL's Innovation Lab will be where we combine leading technology to solve our clients' most critical business opportunities. The team will take learnings from large technology companies where we'll utilize a golden path approach to drive innovation execution,' said Matt Arellano, President of XponentL. The organizations will introduce industry-focused assets to the market over the next twelve months.
About XponentL Data Inc:https://xponentl.ai/
We specialize in delivering innovative Data & AI driven solutions that empower organizations to harness their full potential. With unmatched expertise, a collaborative approach, and a focus on value-driven results, we simplify complex challenges to unlock strategic opportunities, making us the ideal partner for businesses seeking transformation and competitive advantages.
About SmartBits:https://smart-bits.ch
SmartBits is a management, consulting, and software development company specializing in innovative digital solutions for education and professional development. Established in 2003, SmartBits SH.P.K operates as the Kosovan branch of SmartBits GmbH, headquartered in Zug, Switzerland.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250415669172/en/
CONTACT: Media:
Dave Taub | Chief Marketing Officer
[email protected]
Additional Information:
Matthew Arellano | President & Chief Data Officer
[email protected]
KEYWORD: EUROPE SWITZERLAND UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT DATA ANALYTICS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE
SOURCE: XponentL Data Inc.
Copyright Business Wire 2025.
PUB: 04/15/2025 09:44 AM/DISC: 04/15/2025 09:44 AM
http://www.businesswire.com/news/home/20250415669172/en
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NBC Sports
6 hours ago
- NBC Sports
NBA at 'least a couple years away from launching' NBA Europe league, Adam Silver says
OKLAHOMA CITY — In March, the NBA and international basketball governing body FIBA announced a joint 'exploration of a new professional men's basketball league in Europe.' That's still moving forward, just don't expect it to happen quickly, Adam Silver told reporters at an NBA Cares event at a refurbished Boys & Girls Club in Oklahoma City on Friday, via Tim Reynolds of the Associated Press. 'I will say it's measured in years, not months,' Silver said. 'So, we're at least a couple years away from launching. It would be an enormous undertaking. And while we want to move forward at a deliberate pace, we also want to make sure that we're consulting with all the appropriate stakeholders, meaning the existing league, its teams, European players, media companies, marketing partners. There's a lot of work to be done.' Silver told reporters that the NBA is in talks with the existing EuroLeague (the basketball equivalent of the soccer Champions League, featuring the top clubs on the continent) about a partnership at some level. However, what that might look like (or if it would even work) is up for debate. The NBA's initial target was a 16-team league, something Silver previously said would be 'integrated into the current European basketball landscape,' which means teams would continue competing in their respective national leagues. There would be permanent members in the NBA Europe league (existing clubs and possibly some new ones) as well as a chance for teams to be promoted into it each year. Speaking at the NBA Paris games in January, Silver said the goal was to 'professionalize the game to another level here, to create a larger commercial opportunity' — to make more money, both for European teams, but also to expand the NBA brand (and with that make the American owners more money). Silver discussed the European league in terms of NBA expansion when speaking with the media before Game 1 of the Finals. 'We have been discussing potentially creating a league in Europe. I view that as a form of expansion as well,' Silver said. 'Again, just as the same as in American cities, we think there's an opportunity to serve fans in Europe. No knock on European basketball, because most of those international MVPs I just talked about are coming from Europe. There's really high-level basketball being played there. But we think there is an opportunity to better serve fans there. I view that as a form of expansion as well, and that's something we're also thinking hard about.' There are numerous stakeholders, and a lot of mouths to feed; putting together this new league is a massive challenge. The NBA owners will discuss next steps when they meet in July, Silver said. Whatever those next steps are, this is a process that will take years, not months.
11 hours ago
New disputes emerge ahead of US-China trade talks in London
BEIJING -- U.S.-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, 'rare earths' that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. The latest frictions began just a day after the May 12 announcement of the Geneva agreement to 'pause' tariffs for 90 days. The U.S. Commerce Department issued guidance saying the use of Ascend AI chips from Huawei, a leading Chinese tech company, could violate U.S. export controls. That's because the chips were likely developed with American technology despite restrictions on its export to China, the guidance said. The Chinese government wasn't pleased. One of its biggest beefs in recent years has been over U.S. moves to limit the access of Chinese companies to technology, and in particular to equipment and processes needed to produce the most advanced semiconductors. "The Chinese side urges the U.S. side to immediately correct its erroneous practices,' a Commerce Ministry spokesperson said. U.S. Commerce Secretary Howard Lutnick wasn't in Geneva but will join the talks in London. Analysts say that suggests at least a willingness on the U.S. side to hear out China's concerns on export controls. One area where China holds the upper hand is in the mining and processing of rare earths. They are crucial for not only autos but also a range of other products from robots to military equipment. The Chinese government started requiring producers to obtain a license to export seven rare earth elements in April. Resulting shortages sent automakers worldwide into a tizzy. As stockpiles ran down, some worried they would have to halt production. Trump, without mentioning rare earths specifically, took to social media to attack China. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' Trump posted on May 30. The Chinese government indicated Saturday that it is addressing the concerns, which have come from European companies as well. A Commerce Ministry statement said it had granted some approvals and 'will continue to strengthen the approval of applications that comply with regulations.' The scramble to resolve the rare earth issue shows that China has a strong card to play if it wants to strike back against tariffs or other measures. Student visas don't normally figure in trade talks, but a U.S. announcement that it would begin revoking the visas of some Chinese students has emerged as another thorn in the relationship. China's Commerce Ministry raised the issue when asked last week about the accusation that it had violated the consensus reached in Geneva. It replied that the U.S. had undermined the agreement by issuing export control guidelines for AI chips, stopping the sale of chip design software to China and saying it would revoke Chinese student visas. 'The United States has unilaterally provoked new economic and trade frictions,' the ministry said in a statement posted on its website. U.S. Secretary of State Marco Rubio said in a May 28 statement that the United States would 'aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.'
The Hill
13 hours ago
- The Hill
New disputes emerge ahead of US-China trade talks in London
BEIJING (AP) — U.S.-China trade talks in London this week are expected to take up a series of fresh disputes that have buffeted relations, threatening a fragile truce over tariffs. Both sides agreed in Geneva last month to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since then, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, 'rare earths' that are vital to carmakers and other industries, and visas for Chinese students at American universities. President Donald Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the next day that trade talks would be held on Monday in London. The latest frictions began just a day after the May 12 announcement of the Geneva agreement to 'pause' tariffs for 90 days. The U.S. Commerce Department issued guidance saying the use of Ascend AI chips from Huawei, a leading Chinese tech company, could violate U.S. export controls. That's because the chips were likely developed with American technology despite restrictions on its export to China, the guidance said. The Chinese government wasn't pleased. One of its biggest beefs in recent years has been over U.S. moves to limit the access of Chinese companies to technology, and in particular to equipment and processes needed to produce the most advanced semiconductors. 'The Chinese side urges the U.S. side to immediately correct its erroneous practices,' a Commerce Ministry spokesperson said. U.S. Commerce Secretary Howard Lutnick wasn't in Geneva but will join the talks in London. Analysts say that suggests at least a willingness on the U.S. side to hear out China's concerns on export controls. One area where China holds the upper hand is in the mining and processing of rare earths. They are crucial for not only autos but also a range of other products from robots to military equipment. The Chinese government started requiring producers to obtain a license to export seven rare earth elements in April. Resulting shortages sent automakers worldwide into a tizzy. As stockpiles ran down, some worried they would have to halt production. Trump, without mentioning rare earths specifically, took to social media to attack China. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' Trump posted on May 30. The Chinese government indicated Saturday that it is addressing the concerns, which have come from European companies as well. A Commerce Ministry statement said it had granted some approvals and 'will continue to strengthen the approval of applications that comply with regulations.' The scramble to resolve the rare earth issue shows that China has a strong card to play if it wants to strike back against tariffs or other measures. Student visas don't normally figure in trade talks, but a U.S. announcement that it would begin revoking the visas of some Chinese students has emerged as another thorn in the relationship. China's Commerce Ministry raised the issue when asked last week about the accusation that it had violated the consensus reached in Geneva. It replied that the U.S. had undermined the agreement by issuing export control guidelines for AI chips, stopping the sale of chip design software to China and saying it would revoke Chinese student visas. 'The United States has unilaterally provoked new economic and trade frictions,' the ministry said in a statement posted on its website. U.S. Secretary of State Marco Rubio said in a May 28 statement that the United States would 'aggressively revoke visas for Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.' More than 270,000 Chinese students studied in the U.S. in the 2023-24 academic year.
