After nearly 13 years in the business, Moon It will now be able to offer its customers a solution solution from end to end.
Fivetran, which helps businesses move data from various sources to cloud databases, announced on Thursday that it has acquired CensusA reverse extract, transformation and loading (ETL) platform that allows companies to transfer data from databases to functional tools. The census was founded in 2018 and increased more than $ 80 million in business funds funding from companies such as Sequoia, Andreessen Horowitz and Tiger Global.
The terms of the agreement were not disclosed, but the census was last valued at $ 630 million in 2022. As soon as the acquisition is closed, the entire inventory will migrate to the Fivetran and the inventory brand will eventually be integrated into the Fivetran platform.
George Fraser, co -founder and chief executive of Fivetran, told TechCrunch that the deal made sense for Fivetran for many reasons. For one, customers have been asking Fivetran for an ETL reverse solution for years.
The company thought of developing its own offering, going until building an original. But Fraser said the Fivetran realized that it would be better use of resources to bring a company that had already understood instead.
‘Technically, if you look at the code down [these] Services are really quite different, “Fraser said.” You have to solve a fairly different set of problems to do this. “
As soon as the Fivetran decided it was more reasonable to add ETL reverse through an acquisition, the inventory was a natural choice, Fraser said, because the two companies shared many of the same customers and the two platforms are very similar.
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“People who like Fivetran, compared to Informatica or building their own connectors, are going to be people who also like the inventory,” Fraser said. “The two products are widely made of similar philosophical choices and thus tend to address the same customers, which is very important when thinking about synergy.”
He did not hurt that the founding census and fivetran teams are going back, either. Fraser said he met with the inventory team, which includes CEO Boris Jabes and co -founder Anton Vaynshtok, during the 2013 winter lot.
Fraser and his co -founder, Taylor Brown, were passing through the YC program, while Jabes and Vaynshtok were building Meldium, a password and account management system acquired by Logmein in 2014.
Now, near a decade later, everything comes under a roof.
“We talked to the founders of the census about their idea before even starting the company and Taylor [Brown] And I was joking at the time that could end up with a takeover, because there is a lot of synergy between the two things, “Fraser said.” In some ways, this has been shared, I think. “
