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Thoughtspot Completes $200M Acquisition Of Mode Analytics

Jul 19, 2023about 2 years ago

Acquiring Company

ThoughtSpot

Acquired Company

MODE

Mountain ViewSan MateoSoftwareBig DataSaasSoftwareAnalytics

Description

ThoughtSpot, the AI-Powered Analytics company, today announced that it has completed its acquisition of Mode Analytics, the modern Business Intelligence (BI) platform that brings data teams and business teams together to drive impact, in a $200M cash and equity transaction.

Company Information

Company

ThoughtSpot

Location

444 Castro St

Mountain View, California, United States

About

ThoughtSpot is the Modern Analytics Cloud company. Our mission is to create a more fact-driven world with the easiest to use analytics platform. With ThoughtSpot, anyone can leverage natural language search and AI to find data insights and tap into the most cutting edge innovations the cloud data ecosystem has to offer. Companies can now put the power of their modern data stack in the hands of every employee, extend the value of their data to partners and customers, and automate entire business processes.

FundzWatch™ Score

67
High M&A Activity

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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