Fivetran to Acquire HVR & Raised Funding in Series D
Fivetran has reported to sign an agreement to acquire HVR, a leading provider of enterprise data replication technology.
“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,” said George Fraser, CEO of Fivetran. “The funding gives Fivetran the resources to expand our capabilities across all functions of the business and continue to accelerate our growth globally.”
“The secure and efficient movement of data is a foundational requirement for the modern organization. HVR helps organizations to not only harness the power of that data but also realize the potential of it,” said Anthony Brooks-Williams, CEO of HVR. “Combining HVR and Fivetran will enable a next-generation solution that will better inform business decisions by providing the freshest data available. We’re thrilled to be joining forces with Fivetran and look forward to what this incredible opportunity will provide for our growing team, partners and customers.”
Fivetran also announced it has raised a $565 million Series D round, consisting of new and existing investors. Andreessen Horowitz (a16z) led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity.
Fivetran has raised $730 million to date. The company is now valued at $5.6 billion.
The combination of Fivetran and HVR complementary technologies will accelerate Fivetran’s mission to make access to data as simple and reliable as electricity. The acquisition — a cash and stock deal valued at $700 million — strengthens Fivetran’s market position as one of the data integration leaders for all industries and all customer types.
The combined capabilities of Fivetran and HVR will enable modern analytics for the world’s most business-critical data without compromising security, performance or ease of use.
The Fivetran customer roster includes thousands of global companies such as ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square and Ziff Davis. HVR’s customers include dozens of Fortune 500 brands.
