Anonos Acquires Award-Winning Synthetic Data Company Statice
The combined organization expands Anonos’ ability to help enterprises protect data privacy across all aspects of testing and production use cases for insights that drive strategic value
Statice was recently honored with the Handelsblatt Diamond Award in the best innovation in banking and fintech category, named in Gartner “Emerging Tech: Top Use Cases for Tabular Synthetic Data, September 2022,” and recognized in two 2022 Gartner Hype Cycle™ reports: Artificial Intelligence and Data Science and Machine Learning (ML). As noted in the latter report, Gartner predicts an increase in synthetic data adoption and growing buyers' interest across all industries notably due to the multiple benefits of the technology, for example, how synthetic data can "reduce cost and save time in ML development as it is cheaper and faster to obtain." The same report mentions that "synthetic data applications have expanded beyond automotive and computer vision use cases to include data monetization, external analytics support, platform evaluation and the development of test data."
“Statice and Anonos share the goal of helping enterprises use more of their data assets, minus the usual conflicts and compromises,” said Anonos Co-CEO and President
Enterprises have the option of using synthetic data whenever possible, and then combining it with Anonos’ non-identifiable yet 100% accurate Variant Twins® when there are privacy variables and risks – for example, to ensure compliance with Schrems II and the
Anonos was named as a Cool Vendor by Gartner because of its Variant Twin technology and recognized in August for data security as a service in the “Gartner Hype Cycle for Data Security, 2022.”
Statice’s co-founders Omar Ali Fdal and
“We recognized the great potential of privacy-enhancing technologies in the market early on. Especially in
The terms of the transaction will not be disclosed. PwC is no longer a stockholder of Statice; Anonos is now the 100% stockholder of Statice.
About Anonos
Anonos is a global software company that provides the only technology capable of protecting data in use with 100% accuracy, even in untrusted environments, making otherwise restricted assets accessible to expand and expedite data-driven initiatives. Its patented
About Statice
Statice develops state-of-the-art data privacy technology that helps companies double-down on data-driven innovation while safeguarding the privacy of individuals. Thanks to the privacy guarantees of the Statice data anonymization software, companies generate privacy-preserving synthetic data compliant for any type of data integration, processing and dissemination. With Statice, enterprises from the financial, insurance and healthcare industries can drive data agility and unlock the creation of value along their data lifecycle. Safely train machine learning models, finally process your data in the cloud, or easily share it with partners. Learn more about Statice on www.statice.ai.
About PwC
PwC sees its mission as building societal trust and solving important problems. More than 327,000 employees in 152 countries contribute to this with high-quality, industry-specific services in the areas of audit, tax and management consulting.
The term PwC refers to the PwC network and/or one or more of the legally independent network firms. Further details under www.pwc.com/structure.
Gartner Disclaimer:
GARTNER and HYPE CYCLE are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be constructed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005005/en/
Media Contacts:
press@anonos.com
+1 (212) 658-1132
jan.runhaar@piabo.net
Source: Anonos