Today, Zoomdata, the award-winning data visualization and analytics software platform company announced it was acquired by the leading analytics platform for big data and live streaming data company Logi Analytics.
In a press release distributed this morning, Logi Analytics CEO Steven Schneider stated “The nature of data is changing. It’s growing bigger and faster and is increasingly being managed using next generation data systems from companies like Cloudera, Elastic, Google, Amazon, MongoDB and Snowflake. At Logi, our vision is to help application teams create smarter software. And with Zoomdata, product managers and developers have native access to cloud data warehouses, big data, and streaming data, plus an expert global partner network.”
In 2016, Zoomdata announced they raised $25 million series c funding round led by Goldman Sachs and also included Comcast Ventures.
Schneider additionally spoke with ZDNet who reported, “while profitable and growing on its own steam, Logi Analytics was itself acquired by private equity firm Marlin Equity Partners 20 months ago. It has used the resources of its PE parent to grow further through acquisition, having already acquired enterprise reporting veteran Jinfonet (makers of JReport), and now bringing Zoomdata on-board.”
Zoomdata’s CEO Nick Halsey also mentioned in the press release, “By joining forces with Logi, our groundbreaking analytics software will be embedded in more applications. Many more people will be able to analyze billions of rows of data in seconds, even across multiple data sources, within the applications they use all day, every day.”
We believe that this acquisition may not be the last this year for Logi Analytics who has clearly taken the lead in the embedded analytics space.
The announcement stated that the terms of the transaction will not be disclosed.
