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Announced

Completed

Databricks completed the acquisition of Arcion for $100m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software company

Friendly

Majority

United States

Software

Single Bidder

Acquisition

Domestic

Private

Completed

Synopsis

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Databricks, a Data and AI company, completed the acquisition of Arcion, a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms, for $100m. "To build analytical dashboards, data applications, and AI models, data needs to be replicated from the systems of record like CRM, ERP, and enterprise apps to the Lakehouse," Ali Ghodsi, Databricks Co-Founder and CEO.

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