Tech Company M&A Transactions
1010data Acquisition
Headquartered in New York, 1010data was bought by Advance Publications. Deal value was $500 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/5/2015
Transaction Type
M&A
Amount
$500,000,000
M&A Terms
Through this transaction, Advance will provide 1010data with the capital required to accelerate the market adoption of its platform, whose disruptive value proposition has been challenging the traditional business intelligence and data warehouse vendors. 1010data management will continue to lead the company, retaining a stake in the new entity. New capital will be used primarily to invest in the platform, scale sales and marketing operations, expand product offerings and grow into new industries and geographies, while maintaining the high level of support that customers have come to rely upon.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
750 Third Ave. 4th Floor
New York, NY 10017
USA
New York, NY 10017
USA
Phone
Website
Email Address
Overview
1010data was founded in 2000 by pioneers of large-scale data systems on Wall Street. Drawing on that experience and newly available technologies, the company developed a web-based service and the underlying software that makes it easy to acquire, organize, manage, and analyze large volumes of complex, interrelated data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sandy Steier
Chief Operating Officer
Greg Munves
Chief Scientific Officer
Adam Jacobs
Chief Technical Officer
Joel Kaplan
VP - Engineering
Dan Horowitz
VP - Finance
TC Fleming
VP - Marketing
Jed Alpert
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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