Fivetran acquires the census to become a comprehensive data movement platform

After nearly 13 years at work, Fivetran You will now be able to provide a solution to a comprehensive data movement to a party.

Fivetran, which helps institutions to transfer data from a variety of sources to cloud databases, announced on Thursday that they have gained CensusThe refugee extract and download platform (ETL) that enables companies to transfer data from databases and to operational tools. Census was founded in 2018 and raised more than $ 80 million from project financing from companies such as Sequoia, Andressen Horowitz and Tiger Global.

The conditions of the deal were not revealed, but the census was The last value of $ 630 million in 2022. Once the acquisition is closed, the entire statistics team will be deported to Fivetran and the brand will be integrated to the census on the Fivetran platform.

George Fraser, co -founder and CEO of Fivetran, told Techcrunch that the deal was logical for Fivetran for many reasons. For one of them, clients were asking Fivetran to solve the reverse etl for years.

The company thought about developing its own offer, to the point of building an initial model. But Fraser said that Vivitran realized that it would be better to use resources to bring a company that had already discovered instead.

Fraser said: “Technically, if you look at the code below the services (these), it is completely different.” “You have to solve a different set of problems in order to do this.”

Fraser said that once Fivetran decided it was logical to add ETL back through the acquisition, the census was a natural option, because the two companies shared many customers themselves and the two platforms are very similar.

“People who love Fivetran, compared to Informatica or building their own connectors, will be people who love the census as well,” said Fraser. “The product takes a widely similar philosophical options, thus tending to attract the same customers, which is very important when you think about synergy.”

It did not harm that the founding teams of the census and Fivetran are back, too. Fraser said that he met the statistics team, which includes CEO Boris Jabs and co -founder Anton Vinstuk, during the 2013 winter batch of Y Combinator.

Fraser and his founder, Taylor Brown, were going through YC while Jabes and Vaynshtok were building Meldium and CashWord and Account Management System, It was obtained by Logmein in 2014. They were all in contact and even talked about the census as a concept before establishing the company.

Now, after a decade has passed, everything is under one roof.

“We talked to the founders of statistics about their idea before they started the company, Taylor (Brown) and a joke at that time may end up in a acquisition, because there is a lot of synergy between the two things.” “In some respects, this was fate, I think.”