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Databricks to Acquire Tabular, the Company Founded by the Original Creators of Apache Iceberg for Open Lakehouse Vision

Jun 04, 2024•over 1 year ago

Acquiring Company

Databricks

Acquired Company

Tabular

San FranciscoSan Joseinformation technology & servicesArtificial IntelligenceSoftwareSoftware

Description

Databricks, the leading Data and AI company, has announced its agreement to acquire Tabular, a data management company founded by the original creators of Apache Iceberg™. This acquisition aims to bring format compatibility to the lakehouse architecture and work towards a joint vision of the open lakehouse, enabling organizations to integrate traditional data warehousing workloads with AI workloads more effectively.

Company Information

Company

Databricks

Location

160 Spear Street

San Francisco, California, United States

About

Databricks is the Data and AI company. More than 20,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow.

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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