Monterro-backed TimeXtender completed the acquisition of BI Builders.

Monterro-backed TimeXtender, a instant data provider that enables customers to make quality business decisions faster, completed the acquisition of BI Builders, a software company, with a mission to optimize the resources spent on business intelligence solutions. Financial terms were not disclosed. “We are very excited to announce the acquisition of BI Builders and welcome the team to TimeXtender. Bringing two of Europe’s leading data automation vendors together creates scale for further innovation. With the ever-increasing speed of innovation and technology advancements, size matters to continue to be a trustworthy vendor to our partners and customers. The products have different strengths and bringing them together into one cohesive platform will cement our position as a market leader for data warehouse automation and lay the foundation for widening out with data quality, master data management, data catalog, and observability over the coming years,” Heine Krog Iversen, TimeXtender CEO and Founder.