Data lakehouse vendor Databricks announced on Monday that it has agreed to acquire data replication and ingestion tech provider Arcion, for $100 million. Databricks states that the acquisition will empower the company to offer integrated solutions for importing data from diverse databases and SaaS applications into the Databricks Lakehouse Platform.
Through the acquisition, Databricks gains access to Arcion’s collection of no-code “connectors,” which enable enterprise clients to efficiently duplicate and collect data from a wide array of sources and essential applications in their ecosystem. These sources include Salesforce, SAP, Workday, as well as transactional databases like Oracle, MySQL, and Postgres, as detailed in a press release.
“The integration will simplify ingesting such data either continuously or on-demand into the lakehouse, fully integrated with the enterprise security, governance, and compliance capabilities of the Databricks platform,” the company said.
“To build analytical dashboards, data applications, and AI models, data needs to be replicated from the systems of record like CRM, ERP, and enterprise apps to the Lakehouse,” said Ali Ghodsi, Co-Founder and CEO at Databricks. “Arcion’s highly reliable and easy-to-use solution will enable our customers to make that data available almost instantly for faster and more informed decision-making. Arcion will be a great asset to Databricks, and we are excited to welcome the team and work with them to further develop solutions to help our customers accelerate their data and AI journeys.”
Last month, Databricks announced its Series I funding, raising over $500 million, which values the data lakehouse vendor at $43 billion. The company crossed over 10,000 global customers and $1.5 billion revenue run rate at over 50% revenue YoY growth with the Q2 (ended July 31, 2023) representing the “strongest quarterly incremental revenue growth” in Databricks’ history.
Back in June, Databricks announced the acquisition of San Francisco-based generative AI platform MosaicML for $1.3 billion.
“Arcion’s real-time, large-scale CDC data pipeline technology extends Databricks’ market-leading ETL solution to include replication of operational data in real-time,” said Gary Hagmueller, CEO of Arcion. “Databricks has been a great partner and investor in Arcion, and we are very excited to join forces to help companies simplify and accelerate their data and AI business momentum.”