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Data integration software Fivetran acquires data replication technology HVR. Customers of Fivetran now have access to a broader set of high-performance data replication solutions, including HVR’s change data capture connectors. Fivetran also raised a funding round of $565M.
Fivetran, a provider of automated data integration, has announced that it has entered into a definitive agreement to acquire HVR, an enterprise data replication technology provider, for $700 million. The transaction is expected to be completed in early October.
The acquisition will enable Fivetran to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and other systems by providing breakthrough database replication performance as well as enterprise-grade security.
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. The funding gives Fivetran the resources to expand our capabilities across all functions of the business and continue to accelerate our growth globally.George Fraser, CEO of Fivetran
Fivetran has also announced a $565 million Series D funding round led by Andreessen Horowitz (a16z). Other participants include General Catalyst, CEAS Investments, Matrix Partners, ICONIQ Capital, D1 Capital Partners, and YC Continuity. The current valuation of Fivetran stands at $5.6 billion.
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. 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.Martin Casado, a general partner at Andreessen Horowitz
Fivetran’s mission to make data access as simple and reliable as electricity will be accelerated by combining complementary technologies from Fivetran and HVR. The acquisition strengthens Fivetran’s market position as a data integration leader across all industries and customer types. Fivetran and HVR’s combined capabilities will enable modern analytics for the world’s most mission-critical data without sacrificing security, performance, or usability.
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. Combining HVR and Fivetran will enable a next-generation solution that will better inform business decisions by providing the freshest data available. We’re thrilled to be joining forces with Fivetran and look forward to what this incredible opportunity will provide for our growing team, partners, and customers.Anthony Brooks-Williams, CEO of HVR
Customers of Fivetran will now have 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 businesses with legacy databases.
Customers of HVR will have access to Fivetran’s extensive library of pre-built, fully managed data connectors and transformation capabilities. The combined technical expertise of both companies’ technical teams will allow them to provide the most robust modern data integration solution for any-sized organization.
Thousands of global companies use Fivetran, including ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square, and Ziff Davis. Among HVR’s clients are dozens of Fortune 500 companies.