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Deepnote completes acquisition of Hyperquery, leveraging data democratization

Jul 29, 2024•over 1 year ago

Acquiring Company

Deepnote

Acquired Company

Hyperquery

San FranciscoSan FranciscoSoftwareAnalyticsBig DataData Mining

Description

Deepnote, the AI-powered data workspace, has announced its acquisition of Hyperquery, a competitor in the data science and analytics space. This acquisition represents a significant step in Deepnote's mission to become the centerpiece of data democratization, allowing seamless migration of Hyperquery clients to its platform.

Company Information

Company

Deepnote

Location

San Francisco, California, United States

About

Deepnote, backed by Index Ventures, Accel, Y Combinator, and Credo Ventures, has experienced rapid growth, achieving a 3x increase in revenue over the past year. The platform is trusted by leading companies such as Ramp, Motive, SoundCloud, Gusto, and Webflow, showcasing its capability to meet the diverse needs of top-tier organizations. The Hyperquery clients, including Docplanner, Output, and Zeeto, will be seamlessly migrated to Deepnote’s platform.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed