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New Deal


Announced

Completed

Fluree completed the merger with ZettaLabs.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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information technology

Merger

United States

Domestic

Software

Private

Single Bidder

Acquisition

Majority

Friendly

Completed

big data

Synopsis

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Fluree, a company which developed a distributed ledger graph database platform, completed the merger with ZettaLabs, a business that uses artificial intelligence and machine learning to prepare raw data for analytics. Financial terms were not disclosed. “We developed our flagship product, ZettaSense, to ingest, classify, resolve and cleanse big data coming from a variety of sources. The problem is that the underlying data technical architecture -- with multiple operational data stores, warehouses and lakes, now spreading out across multiple clouds -- is continuing to grow in complexity. Now with Fluree, our shared customer base and any new customers can evolve to a modern and elegant data-centric infrastructure that will allow them to more efficiently and effectively share cleansed data both inside and outside its organizational borders," Eliud Polanco, ZettaLabs Co-Founder and CEO.

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