8 Data Analytics Acquisitions That Will Re-Shape the Industry
Big data is big business, and the marketplace for data analytics and business intelligence software is gushing with innovative providers and advanced technologies. The proliferation of enterprise data science has seen an already vibrant landscape grow even brighter, with continued interest from major players and outside firms looking to expand their product portfolios. With millions invested and billions in valuation, analytics and BI providers are emerging as some of the fastest-growing (and most profitable) companies on the planet.
These 8 data analytics acquisitions are the biggest of the year to date. We’ve compiled these news stories into a concise article for you in hopes of helping you paint a more clear picture of the space.
BOARD’s January announcement saw Nordic Capital acquire a majority stake in the Swiss business intelligence provider. The merger provides BOARD with more financial flexibility to expand its BI and data analytics platform across to globe. Nordic Capital Fund is a private equity investor that focuses on the technology and payments and financial services industries. BOARD was founded in 1994 and touts 26 global offices, 300 employees, and more than 3,000 customers in 100 countries.
Logi’s February move to acquire Jinfonet Software (the maker of JReport) makes Logi Analytics one of the major players in the embedded BI space. Logi will presumably integrate Jinfonet’s operational reporting features with its dashboards and self-service analysis and predictive analytics. The move will see Jinfonet merged under the Logi Analytics brand, and represents what the company is calling a “new stage of growth” for them. Logi will add several hundred customers as a result of the deal, as well as expand its reseller partnerships abroad.
When Qlik announced its intent to buy the publicly traded data integration vendor, we thought for sure this would be the biggest deal (based on dollar figure) of the year. Boy were we wrong. The news came on the heels of Qlik’s July 2018 acquisition of Podium Data, which signaled its entrance into the broader data management market. The merger will see Qlik pull in Attunity’s partner network, expanding the company’s reach and strengthening its data lake management and cloud partnerships.
This deal was the talk of the town in April.
