Tag: acquisitions
Databricks’ $1.3B MosaicML Buyout: A Strategic Bet on Generative AI
Databricks is the latest company to place a large bet – to the tune of $1.3 billion – on generative AI. On the first day of its sold-out Data + AI Summit, the company announced a definitive agreement for the acquisit Read more…
Snowflake Bolsters Data Cloud Search Capabilities with Neeva Acquisition
Snowflake has announced it will acquire search specialist Neeva for an undisclosed amount. “Search is fundamental to how businesses interact with data,” said Snowflake Co-founder Benoit Dageville in a blog post. � Read more…
Databricks Enhances Lakehouse Governance with Okera Acquisition and Immuta Investment
Databricks is bolstering the data governance capabilities of its lakehouse platform with a new acquisition and investment. The company has entered into a definitive agreement to acquire the data governance firm Okera for Read more…
IBM Joins the Presto Foundation with Acquisition of Ahana
IBM has acquired Ahana, a startup providing managed and commercial versions of the Presto open source distributed query engine, for an undisclosed amount. “We believe that this is an exciting time for the Presto pro Read more…
Confluent to Develop Apache Flink Offering with Acquisition of Immerok
Confluent has announced it has signed a definitive agreement to acquire Immerok, a leading contributor to Apache Flink. Financial terms of the deal were not disclosed. Apache Flink is used for querying streaming data, Read more…
Progress Announces Plans to Acquire MarkLogic
Application development firm Progress has announced it has entered into a definitive agreement to acquire data management provider MarkLogic. The companies expect that upon the closing of this transaction, MarkLogic will Read more…
Algolia Acquires Search.io to Enable Users to ‘Search As They Think’
Data search platform Algolia announced it has acquired San Francisco-based neural search startup Search.io. Algolia is known for its keyword-based search and discovery platform that processes trillions of queries from Read more…
MariaDB to Offer Geospatial Capabilities with Acquisition of CubeWerx
MariaDB announced it has acquired CubeWerx, a Canada-based geospatial solutions firm, for an undisclosed amount. The acquisition will enable MariaDB to add cloud-native, scalable geospatial capabilities through its fully Read more…
IBM Acquires Observability Platform Databand.ai
IBM has announced the acquisition of data observability software vendor Databand.ai. Today’s announcement marks IBM’s fifth acquisition of 2022. The company says the acquisition “further strengthens IBM’s softwar Read more…
McKinsey Acquires Data Engineering Pioneer Caserta
Global management consulting firm McKinsey & Company announced today it has acquired data engineering firm Caserta. McKinsey says the acquisition will further strengthen its data capabilities to bolster the firm's wo Read more…
DataRobot Nabs $300M, Algorithmia
In a move to solidify its position in the emerging market for enterprise AI platforms, DataRobot today announced the completion of a $300 million Series G round of funding at a valuation of $6.3 billion. The Boston compa Read more…
Cloudera To Go Private in $5.3 Billion Buyout by Wall Street Firms
The long tale of Hadoop got another twist today when Cloudera announced that it has agreed to be acquired by a pair of investment firms for $5.3 billion. The acquiring companies, Clayton, Dubilier & Rice (CD&R) a Read more…
2020: A Big Data Year in Review
There are two weeks left in 2020, which means it’s time to exhale a bit and see where we’ve gone. It’s been a bumpy ride over the previous 50 weeks, for sure. But big strides have also been made for those pursuing Read more…
Data Startups Continue to Draw Suitors
Leading technology companies continue to snap up big data startups spawned by open-source technologies. The latest example is Microsoft’s deal to acquire open-source database specialist Citus Data. In a separate dea Read more…
Nokia Expands IoT Portfolio with SpaceTime Deal
Nokia, the Finnish mobile phone pioneer, is expanding its Internet of Things portfolio through the acquisition of SpaceTime Insight, a specialist in machine learning analytics and industrial IoT applications. Nokia (N Read more…
Analytics Vendor NCI Acquired By Investors
NCI Inc., a big data analytics and IT vendor to the Defense Department and other federal and state government agencies, said it has agreed to be acquired by a private equity investment fund. NCI said Monday (July 3) i Read more…
Alteryx Buys Yhat, Rolls ‘Connect’ Platform
Alteryx Inc. has acquired a data science startup as it continues to flesh out its self-service data tool offerings that also include a new data exploration platform aimed at uncovering "siloed" enterprise data. Altery Read more…
Data Deals Heat Up
It's looking more like buyers' market as the number of data analytics deals grows. Seeking to break out of the pack of business intelligence and analytical tool vendors, Tibco Software said it would acquire data scien Read more…
Big Data Deals Sustain Tech M&A Activity
Big data analytics drove an estimated 70 percent of merger and acquisition activity during the first quarter of 2016, according to a new survey. EY (formerly Ernst & Young) also reported last week that technology Read more…
Oracle Extends Buying Spree With Opower Deal
Oracle extended its reach into the industrial and analytics sectors this week with the acquisition of Opower, an energy analytics company and provider of cloud services to utilities in a deal worth about $532 million. Read more…
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