BREAKING — Yellowfin was acquired by Idera, Inc., the guardian enterprise of 30 B2B software program vendors.
Financial phrases of the acquisition, 1st unveiled on Jan. 28, were being not disclosed.
Yellowfin, established in 2003 and based mostly in Melbourne, Australia, is an analytics vendor with additional than 3 million conclusion people that includes a vast-ranging system that contains highly developed abilities like embedded analytics, purely natural language processing and information storytelling.
Its most new platform update, unveiled in December 2021, featured a new all-natural language query device, facts governance and software programming interface capabilities, and an up to date cellular application experience.
Idera, in the meantime, was founded in 2000 and is primarily based in Houston.
The corporation owns manufacturers targeted on 3 divisions — info equipment, developer instruments and DevOps instruments — and has a lot more than 50,000 consumers all over the world. Yellowfin will become component of Idera’s developer equipment enterprise, signing up for Apilayer, Embarcadero, Filestack, Froala, FusionCharts, LANSA, Sencha, UltraEdit, and Complete Tomato.
By turning into portion of Idera, Yellowfin hopes to arrive at a broader customer foundation, in accordance to founder and CEO Glen Rabie.
“We think Idera delivers an superb dwelling for Yellowfin’s products that enormously extends our scale and geographic get to,” he claimed in a press launch.
Rabie added that the acquisition will not hinder Yellowfin’s investigate and growth efforts.
“We continuously innovate and our buyers acquire superb benefit,” he mentioned. “I am self-confident this will continue on with Idera.”
Meanwhile, Yellowfin was an interesting acquisition target for Idera because of its application progress capabilities, in distinct, according to Atanas Popov, standard supervisor of Idera’s developer resources small business.
“Yellowfin provides a essential component of application enhancement that aligns with Idera’s pillars of products excellence: simplicity of use, high quality, and scalability,” he reported in the launch. “It expands our portfolio in a new advancement area with remarkable opportunity for cross-sell inside our present ecosystem of prospects, partners, and [independent software vendors].”
DC Advisory acted as the sole advisor to Yellowfin during its sale to Idera.
Reporting in development — whole story to comply with.