Fivetran Completes Acquisition of HVR | Business
OAKLAND, Calif .– (BUSINESS WIRE) – October 1, 2021–
Fivetran, the leading provider of automated data integration, today announced that it has completed the acquisition of HVR, a leading provider of enterprise data replication technology.
“We are delighted to welcome the HVR team to Fivetran. Joining forces with HVR will accelerate our mission to make data access as easy and reliable as electricity, ”said George Fraser, CEO of Fivetran. “Their expertise in data replication combined with our automated data integration technology will allow us to offer the most robust modern data integration solution on the market today and help even more businesses. who want to improve their analytics with a modern data stack. “
“We are delighted to join Fivetran; a union that brings together complementary technologies that will solve the most difficult integration challenges around the world. This accelerates our combined mission of making data access as easy and reliable as electricity, ”said Anthony Brooks-Williams, CEO of HVR. “Together, we will deliver a next-generation solution that will better inform business decisions by providing the most recent data available so organizations can realize their full potential. “
Acquisition will enable Fivetran to deliver breakthrough database replication performance as well as enterprise-grade security to meet the massive market for modernization of operational data analysis associated with ERP systems, Oracle databases , etc.
Along with the acquisition, Fivetran completed a $ 565 million Series D fundraiser led by Andreesen Horowitz and participating investors including General Catalyst, Matrix Partners and CEAS. New investors in this cycle include D1 Capital Partners, Iconiq and YC Continuity. The funding will be used for expansion in all functions and to accelerate global growth.
Fivetran’s customer list includes thousands of global companies such as ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square and Ziff Davis. HVR’s customers include dozens of Fortune 500 brands.
Visit the Fivetran blog to learn more: https://fivetran.com/blog/fivetran-and-hvr-are-now-one
Fivetran, the leader in automated data integration, provides out-of-the-box connectors that automatically adapt to changing schemas and APIs, ensuring consistent and reliable access to data. Fivetran improves the accuracy of data-driven decisions by constantly synchronizing data from source applications to any destination, allowing analysts to work with the most recent data possible. To speed up analyzes, Fivetran automates warehouse transformations and manages the diagrams ready to be interrogated by programming. Fivetran is headquartered in Oakland, California, and has offices around the world. For more information, visit fivetran.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211001005217/en/
CONTACT: Ross Perich
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENT SECURITY
Copyright Business Wire 2021.
PUB: 01/10/2021 10 a.m. / DISC: 01/10/2021 10:02 a.m.
Copyright Business Wire 2021.