After about 13 years in business, Fivetran Now it will be able to offer its users a solution to the end of the data movement.
FIFTRANS, which helps businesses transfer data from different sources to cloud database, announced Thursday that it has obtained CensusAn upside down, transform, and load (ETL) platform that enables companies to transmit data from the database and transmit data to operational tools. The census was laid in 2018 and it collected more than $ 80 million in firms like Sequrea, Anderson Horwoots, and Tiger Global.
The terms of the deal were not disclosed, but the final cost of the census was $ 630 million in 2022. Once the acquisition stops, the entire census team will migrate into the futures and the census brand will eventually be integrated into the Future Platform.
George Freezer, co -founder and CEO of Fyotine, told Tech Crunch that the deal had created meaning for Futures for many reasons. One, consumers have been asking for focuses for the reverse ETL solution for years.
The company thought of preparing its offer, to the extent to make a prototype. But Freezer said that Futtan realized that it would be better utilized to bring a company that had already been detected.
Fraser said, “Technically, if you look at the code below (these), they are really different.” “To do this, you have to solve a very different set of problems.”
Freezer said that once the focuses decided that it had made more meaning in adding reverse ETL through acquisition, the census was a natural choice, as the two companies shared many one users and both platforms are very similar.
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“People who like the Futures, compared to Informatica, or compared to making their own connector, are going to become people who like the census.” “Both products make a wide range of philosophical choices, and therefore they appeal to the same customers, which is very important to think about your harmony.”
There was no problem that the founding teams of the census and the Futures were also returned. Fraser said he met with the census team, including CEO Boris Pockets and co -founder Anton Wenshutok, during the winter of the Wi -Combinist 2013.
Freezer and its co -founder, Taylor Brown, were undergoing the YC program, while Jebus and Wanshotok were building a password and account management system, Meldam, which was acquired by Logman in 2014. They all remained in touch and even talked about the census before the company was founded.
Now, about a decade, everything is coming under the same roof.
“We talked about their views before starting the company with the founders of the census, and Taylor (Brown) and I joked at the time that it could end in acquisition, because there is a lot of harmony between the two things.” In my view, in some ways, it has been liked. “