.
MergerLinks Header Logo

New Deal


Announced

Databricks to acquire Okera.

Financials

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

Tags

Edit

Private

Acquisition

Friendly

Majority

Domestic

United States

data governance platform

Pending

Single Bidder

Data Centers and Hosting

Synopsis

Edit

Databricks, a data and AI company that interacts with corporate information stored in the public cloud, agreed to acquire Okera, a data authorization company. Financial terms were not disclosed. “We founded Okera to help modern, data-driven enterprises accelerate legitimate data access while minimizing data security risks and delivering regulatory compliance. As data continues to grow in volume, velocity, and variety across different applications, CIOs, CDOs, and CEOs across the board have to balance those two often conflicting initiatives - not to mention that historically, managing access policies across multiple clouds has been painful and time-consuming. Many organizations don’t have enough technical talent to manage access policies at scale, especially with the explosion of LLMs. What they need is a modern, AI-centric governance solution. We could not be more excited to join the Databricks team and to bring our expertise in building secure, scalable and simple governance solutions for some of the world’s most forward-thinking enterprises,” Nong Li, Okera Co-Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US