Fivetran is acquiring HVR and raising $565 million in Series D funding, according to a press release on the Business Wire network. The merger will equip Fivetran with HVR’s popular database replication technologies and enterprise security to address the market for modernizing analytics and operational data associated with ERP systems and Oracle databases. The capital injection, which consists of new and existing investors, brings Fivetran’s total funding earned to $730 million.
Fivetran offers a data replication platform with standardized schemas. The product requires no coding or maintenance, and pre-made connectors adjust to schema changes automatically. Pipelines can be set up in as little as five minutes by authenticating your sources and data warehouse. Users can trigger automated transformations via a modern and scalable computing infrastructure without configuration as well.
Fivetran acquired HVR for $700 million and will help it to cement its position as a leading data integration provider for a variety of industries. Fivetran customers will gain access to a broader range of 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 range of pre-built, fully managed data connectors and transformation capabilities.
In a media statement on the news, Fivetran CEO George Fraser said: “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.”
Read Fivetran to Acquire HVR and Raises Series D in the company’s blog to learn more.
- What to Expect at Safe Software’s FME:23 Event on April 13 - March 13, 2023
- The Essential Big Data Engineer Requirements to Know - March 9, 2023
- Evaluating Low-Code Lakehouse Platforms: Challenges & Practice - February 17, 2023