Data Observability Platform Bigeye Announces Acquisition Of Data Advantage Group
Jun 22, 2023•over 2 years ago
Acquiring Company
Bigeye
Acquired Company
Data Advantage Group
Description
Bigeye, a data observability company, proudly announces the acquisition of Data Advantage Group, Inc. The integration of Data Advantage Group's extensive data lineage capabilities allow Bigeye to automatically map data lineage across transactional databases, ETL platforms, data lakes, data warehouses, and business intelligence tools.This acquisition gives Bigeye customers the most sophisticated view of data pipelines available to date from a data observability provider.
M&A Insights
Based on deal dataIntegration 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