Fivetran rakes in $565Mn investment; acquires HVR for $700Mn

Data connectivity startup, Fivetran has raised $565 million in a Series D investment round led by venture capital firm Andreessen Horowitz along with participants General Catalyst, Matrix Partners, CEAS Investments, and other unnamed firms. New investors including D1 Capital Partners, ICONIQ Capital, and YC Continuity also joined the round.

Importantly, Fivetran also announced the acquisition of HVR, a data integration competitor, for $700 million in cash and stock.

The buyout is said to allow Fivetran provide advance database replication performance and enterprise-grade security to address the huge market for advanced analytics for operational data linked with ERP systems, Oracle databases, and more.

As an outcome of this acquisition, Fivetran customers will gain access to a myriad of high-performance data replication solutions, including HVR’s change data capture connectors and a secure, on-premise option for companies with legacy databases.

On the other hand, HVR’s customers will gain access to Fivetran’s broad range of fully managed, pre-built data connectors and transformation capabilities. The unison of both the firm’s technical teams will enable them in providing robust and modern data integration solution for any-sized organization.

Anthony Brooks-Williams, CEO of HVR, said that secure and efficient movement of data is a foundational requirement for modern organizations. HVR enables businesses to harness the power of that data, as well as realize the potential it holds.

Combining Fivetran and HVR will enable a next-generation solution that will help business make better decisions by leveraging latest data available. Mr. Anthony added that their firm is thrilled to be joining forces with Fivetran and looking forward to new opportunities it will provide for their growing team, customers and partners.

According to credible sources, the transaction has received green signal form the Boards of Directors of the two firms. However, finalization of Fivetran’s acquisition of HVR is still subject to customary approvals.

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