Fivetran, the leading provider of automated data integration, on Monday announced it has entered into a definitive agreement to acquire HVR, a leading provider of enterprise data replication technology of United States. Fivetran is owned by Vikram Labhe, a Nagpurian, the alumnus of Shri Ramdeobaba College of Engineering and Management and having school eduction from Saraswati Vidyalaya, a State Board school. The acquisition will allow Fivetran to provide breakthrough database replication performance along with enterprise-grade security to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more. Fivetran also announced it has raised a $565 million Series D round, consisting of new and existing investors. Andreessen Horowitz (a16z) led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity. Fivetran has raised $730 million to date.

 

The company is now valued at $5.6 billion. The combination of Fivetran and HVR complementary technologies will accelerate Fivetran's mission to make access to data as simple and reliable as electricity. The acquisition - a cash and stock deal valued at $700 million - strengthens Fivetran's market position as one of the data integration leaders for all industries and all customer types. Fivetran customers will gain access to a broader range of high-performance data replication solutions, including HVR's change data capture connectors and a secure, on-premise option for companies with legacy databases. HVR's customers will have access to Fivetran's broad range of pre-built, fully managed data connectors and transformation capabilities. The Fivetran customer roster includes thousands of global companies such as ASICS, Autodesk, BJ's Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square and Ziff Davis. HVR's customers include dozens of Fortune 500 brands. "HVR is a recognized leader for enterprise database replication and shares our same vision - to make access to data as simple and reliable as electricity. Their product is the perfect complement to our automated data integration technology and will be instrumental for us to help enterprise organizations that want to improve their analytics with a modern data stack," said George Fraser, CEO of Fivetran.

 

"The secure and efficient movement of data is a foundational requirement for the modern organization. HVR helps organizations to not only harness the power of that data, but also realize the potential of it," said Anthony Brooks-Williams, CEO of HVR. "We have been in India since Fivetran’s formative stages when we were 10 people globally and incubated our Bangalore office. Since then, we have observed the prodigious growth in the adoption of data-driven cloud technologies in India. As the country transforms rapidly, sectors like banking, retail, ecommerce, insurance and digital entertainment have seen rapid and unchartered growth in data -- even surpassing the global average. Today as India modernises, accelerated by the pandemic, the advent of next-generation data technology including Artificial Intelligence (AI), machine learning, IoT, Virtual and Augmented reality, and the emergence of hyperscale public cloud providers is set to reinforce the country's trajectory and position in the global market," said Vikram Labhe, Vice President and Managing Director (Fivetran India). The transaction has been approved by the Boards of Directors of both companies, though finalization of Fivetran’s acquisition of HVR is subject to customary approvals. The deal is expected to close in early October.

 

With the strong market demand fueled by the needs of India's data-driven organisations, we expect our India business to grow rapidly over the next few years. This funding and acquisition announcement positions Fivetran ideally to support our growth through strong engineering, customer support, sales and business development teams in India." “Fivetran is a critical component of the modern data stack. Without an always-on, accurate, and reliable way to centralize data, global organizations aren't maximizing the use of data or data infrastructure,” said Martin Casado, General Partner at Andreessen Horowitz. “Fivetran solves the complex challenge of scaling and automating data integration better than anyone else, and joining forces with HVR will expand Fivetran’s capabilities to address the performance and security requirements of the enterprise and Global 2000.

 

The modern data stack is a paradigm shift for global enterprises - with billions of dollars of revenue at stake - and Fivetran is a foremost catalyst in this shift.” "We are seeing the promise of how data can transform businesses, by harnessing its power to create the insights and breakthroughs needed to produce positive, world-changing products, solutions and services," said Matthew Jacobson, General Partner at ICONIQ Growth. "We are very impressed with the ease of use and effectiveness of Fivetran’s platform, and believe in its potential to automate reliable data connections. We have been fortunate to partner with many high-growth, cloud-based, infrastructure market leaders, and we believe Fivetran is a category-defining leader in the broader data ecosystem."