TEL AVIV (Reuters) - Israeli business intelligence software provider Sisense said on Wednesday it acquired Periscope Data, a U.S. provider of analytics for cloud data professionals.
It did not provide financial details but a market source said the amount paid was over $100 million in shares.
Sisense has raised about $200 million and its customers include General Electric and Nasdaq while Periscope is used by clients such as Tinder. The combined company will have annual revenue of more than $100 million, over 2,000 customers and more than 700 employees.
Sisense’s software helps companies understand their data, enabling non-technical staff to connect multiple data sources and prepare professional reports.
Source : www.reuters.com
Mondelio Worldwide is an Australian company having commenced operations in 1982. Mondelio's single focus is to provide predictive data modelling and data analytics services to organisations throughout Australia and overseas.
Mondelio has partnered with Stonebridge Consulting, Naveego and Sisense expanding our product offerings to the wider APAC market.