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Data.World Acquires Mighty Canary Technology To Bring Automation To Dataops

May 02, 2023•over 2 years ago

Acquiring Company

data.world

Acquired Company

Mighty Canary Inc.

AustinEnterprise SoftwareSaasSoftwareAnalytics

Description

data.world, the data catalog platform, today announced the acquisition of the Mighty Canary technology and its incorporation into a new DataOps application. The application uses automations to surface contextual insights and real-time data quality updates directly to the BI, communications, and collaboration tools that data consumers use. The DataOps application provides a seamless way for data teams to update data consumers on the health of their data, communicate important information, and receive feedback – increasing the use of high-quality data.

Company Information

Company

data.world

About

data.world is the data catalog platform. Its cloud-native SaaS (software-as-a-service) platform combines a consumer-grade user experience with a powerful knowledge graph to deliver enhanced data discovery, agile data governance, and actionable insights. data.world is a Certified B Corporation and public benefit corporation and home to the world’s largest collaborative open data community with more than two million members, including ninety percent of the Fortune 500. Our company has sixty-two patents and has been named one of Austin’s Best Places to Work seven years in a row. Follow us on LinkedIn, Twitter, and Facebook, or join us. Marykate Cary Mattiello Group Gordon mmattiello@groupgordon.com

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