Our Spin-off Metamaze Joins Forces with Duco
ANTWERP – Today, Duco, a premier SaaS provider specializing in AI-powered data automation, has acquired Faktion’s spinoff, Metamaze. Metamaze, a leader in Intelligent Document Processing (IDP), will now enhance Duco’s distinguished position in the financial services and insurance sectors globally. Since its inception and spinoff by Faktion in 2020, Metamaze has experienced impressive double-digit growth under the stewardship of CEO Niels Van Weereld and CTO Jos Polfliet.
This acquisition further cements Faktion’s status as the leading AI product studio in the Benelux region, showcasing its unparalleled expertise in developing and productizing AI solutions. These solutions are designed for scalability, security, compliance, and user-friendliness in large-scale production environments.That’s why Faktion is a trusted AI provider for implementing mission-critical AI solutions for some of the industry’s leading companies.
Bart Baeyens, CEO of Faktion, expressed enthusiasm about the acquisition: “We are thrilled for Metamaze and its team for gaining recognition from Duco, a global industry leader. We extend our best wishes to Niels,Jos, the team, and all the former Faktion employees as they continue to grow the incredible company they’ve established. We are equally uplifted as the many talented individuals at Metamaze will be able to continue to scale their careers in various ways, and are extremely proud of the leadership team at Metamaze.”
Founded in 2017, Faktion is built on a foundation of strong entrepreneurial spirit and a commitment to offering boundless career opportunities. Prioritizing people, even if it means they outgrow the company, Faktion prides itself on being a leading AI product studio and a career accelerator for those aspiring to make their mark as software engineers, data scientists, or managers.
Niels Van Weereld, CEO at Metamaze, reflected on his journey: “Starting at Faktion in 2017 as the first sales hire, I eventually became Head of Sales and set up a highly efficient team. This led me to become CEO at Metamaze, a journey that has been incredibly rewarding for both myself and Jos Polfliet, my co-founding CTO and former Head of AI at Faktion.
Faktion continues to execute on its vision of productizing AI solutions, and after two years of consolidating and scaling its project-driven AI business, more solid fundaments are present to support the ever-ambitious corporate development efforts that have been put on the agenda for the future of the company.
