"With combined annual revenues of $600 million (€518.5 million), they will gain greater control over data infrastructure. The goal: to end the complexity of data management. With AI rapidly advancing across all sectors, organizations need reliable, readily available data. "As AI reshapes every industry, organisations need a foundation they can trust - one that is open, interoperable, and built to scale," explains George Fraser, who will lead the company as CEO of Fivetran."
"Organizations are currently struggling with complex links between various data tools. The new platform promises an integrated solution that seamlessly connects data movement, transformation, metadata, and activation without compromising flexibility. Open standards The merger is what Fraser calls a refounding moment for Fivetran and the broader data ecosystem. The emphasis on open standards such as SQL and Apache Iceberg is central to the strategy, allowing customers to avoid vendor lock-in."
The merger combines Fivetran and dbt Labs with combined annual revenues of $600 million to gain greater control over data infrastructure and reduce data management complexity. The companies aim to provide reliable, readily available data to meet accelerating AI demands. The integrated platform will connect data movement, transformation, metadata, and activation while preserving flexibility. The strategy emphasizes open standards such as SQL and Apache Iceberg to prevent vendor lock-in. Tristan Handy will become President and co‑founder, dbt Core will remain open source, and the deal aligns with Fivetran's prior moves like acquiring Census. Boards have approved the transaction and regulatory approval is pending.
Read at Techzine Global
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