Founded in 2017, Lovelytics established its reputation as a premier partner within the Databricks Brickbuilder network, becoming the first consulting firm backed by Databricks Ventures. The company provides infrastructure for organizations to govern and modernize data, serving clients across the energy, manufacturing, retail, and financial sectors.
In section Market Quotes
CDW Snaps Up Data Analytics Firm Lovelytics for $525 Million
A $525 million price tag marks CDW’s latest push into artificial intelligence and data management. The IT giant confirmed an agreement to acquire Lovelytics, a boutique firm specialized in scaling data architecture, signaling a strategic shift to bolster its cloud-based services portfolio ahead of the third quarter.
For CDW, the integration of Lovelytics serves to deepen its existing Services & Solutions offerings. While the acquisition is expected to finalize by the end of the third quarter, leadership noted that the deal will not have a material impact on the company’s current-year financial results.
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