Brazilian big data firm Semantix acquires Zetta Health Analytics
Semantix expands its portfolio to serve the pharmaceutical industry, insurance companies, hospitals, large employers, and health insurance brokers
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Brazilian big data and analytics company Semantix acquired São Paulo-based healthtech Zetta Health Analytics for an undisclosed amount. With the deal, the company expands its portfolio, launching the SDP Data Platform for Health to serve the pharmaceutical industry, insurance companies, hospitals, large employers, and health insurance brokers.
The purchase comes one month after Semantix officially went public in the United States after merging with Alpha Capital, a publicly traded company created to acquire or merge with an existing company (also known as SPAC). The business values Semantix at $1 billion.
With the acquisition, Zetta's founder, Rodrigo Demarch, takes on a new challenge as an advisor in Semantix's Health department. "The transaction makes a lot of sense for Zetta's strategy, as the immediate synergy between the companies will allow us to quickly and independently reach - without losing quality - the position of the main health analytics platform in the country," said the executive, in a press statement.
With more than 640 direct and indirect customers, Zetta helps reduce customer costs through technological intelligence and works to make the health system more sustainable. The company registered more than BRL 42.1 billion ($8,4 billion) in insurance claims and has data from over 764 databases.
"This decision is a great step forward for us. Zetta is a platform for the health sector, database, and proprietary products, enabling the contribution of a series of elements within the health ecosystem, such as operator connectors, in addition to data sets ready to scale, being private and public", adds Leonardo Santos, Semantix's CEO.
(translation by Gabriela Del Carmen)
