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M&A Deal Summary

DataRobot Acquires Paxata

On December 12, 2019, DataRobot acquired software company Paxata

Acquisition Highlights
  • This is DataRobot’s 3rd transaction in the Software sector.
  • This is DataRobot’s 5th transaction in the United States.
  • This is DataRobot’s 3rd transaction in California.

M&A Deal Summary
Date 2019-12-12
Target Paxata
Sector Software
Buyer(s) DataRobot
Deal Type Add-on Acquisition

Target

Paxata

Redwood City, California, United States
Paxata, Inc. is self-service data preparation and data fabric provider that transforms data into information to empower every person, process, and system in an organization. Its Adaptive Information Platform provides business leaders and analysts with an enterprise-grade, self-service data preparation application to deliver better customer experiences, improve operational efficiencies, and comply with regulatory requirements. Built on Apache SparkTM and optimized to run in hybrid, multi-cloud environments, Paxata leverages algorithmic intelligence and distributed computing to deliver an immersive business consumer experience that accelerates and automates the data-to-insight pipeline. Paxata was formed in 2012 and is headquartered in Redwood City, California with offices in New York, Ohio, Texas, and Singapore.

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Buyer(S) 1

Buyer

DataRobot

Boston, Massachusetts, United States
Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

DataRobot, Inc. is an automated machine learning platform that empowers users of all skill levels to make better predictions faster. DataRobot provides the fastest path to data science success for organizations of all sizes. DataRobot, Inc. was founded in 2012 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 9
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 5 of 8
State: California M&A 3 of 4
Country: United States M&A 5 of 8
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 ParallelM

Sunnyvale, California, United States

ParallelM, Inc. provides machine learning operations (MLOps) category, which helps organizations scale the deployment, management, and governance of machine learning in production using any ML platform on any cloud or on-premise environment. ParallelM, Inc. was founded in 2016 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Boston Consulting Group - SOURCE AI Technology

Boston, Massachusetts, United States

Boston Consulting Group's SOURCE AI Technology combines proprietary IP with leading consulting services in Boston, Massachusetts.

Buy -
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