a16z-backed data firms Fivetran, dbt Labs to merge in all-stock deal

a16z-backed data startups Fivetran and dbt Labs merge to form $600M open data infrastructure powerhouse - Tech Startups

Two of the most recognized names in modern data infrastructure—Fivetran and dbt Labs—are joining forces. The two venture-backed startups, both funded by Andreessen Horowitz (a16z), announced they will merge in an all-stock deal that combines their strengths into a single […] The post a16z-backed data startups Fivetran and dbt Labs merge to form $600M open data infrastructure powerhouse first appeared on Tech Startups.

a16z-backed data firms Fivetran, dbt Labs to merge in all-stock deal

Data startups Fivetran and dbt Labs will merge in an all-stock deal, creating a combined data infrastructure company with nearly $600 million in annual revenue, the two companies told Reuters.The deal is structured as an all-stock exchange based on an agreed ratio tied to revenues and growth rates, Fivetran

Latham & Watkins Advises dbt Labs in All-Stock Merger With Fivetran

dbt Labs, the pioneer of modern data transformation, has announced it has signed a definitive agreement to merge in an all-stock deal with Fivetran, the global leader in automated data movement. Following close of the transaction, the combined company will be approaching US$600 million in annual recurring revenue. Latham & Watkins LLP represents dbt Labs in the transaction with a corporate deal team led by Bay Area partner Benjamin Potter and Ba…

Mega merger in the data world: Fivetran and dbt Labs join forces

Fivetran and dbt Labs merge to form $600 million data platform. Open infrastructure aims to simplify end-to-end data management without vendor lock-in.