M&A Deal Summary

ThoughtSpot Acquires Mode

On June 26, 2023, ThoughtSpot acquired information technology company Mode for 200M USD

Acquisition Highlights
  • This is ThoughtSpot’s 2nd transaction in the Information Technology sector.
  • This is ThoughtSpot’s largest (disclosed) transaction.
  • This is ThoughtSpot’s 3rd transaction in the United States.
  • This is ThoughtSpot’s 1st transaction in California.

M&A Deal Summary
Date 2023-06-26
Target Mode
Sector Information Technology
Buyer(s) ThoughtSpot
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Mode

San Francisco, California, United States
Mode is a Business Intelligence (BI) platform that clears the path from data to insights and up levels of decision-making in every function of the organization. As a unified intelligence layer, Mode maximizes modern data stack ROI and turns data into a competitive advantage for businesses across all sectors and stages. Mode is based in San Francisco, California.

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Buyer(S) 1

Buyer

ThoughtSpot

San Jose, California, United States
Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

ThoughtSpot is the Search & AI-driven Analytics platform for the enterprise. Anyone can use search to analyze company data in seconds and get automated insights when you need them. ThoughtSpot was founded in 2012 and is based in San Jose, California.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Diyotta

Charlotte, North Carolina, United States

Diyotta is an enterprise-class, serverless data integration platform. The product connects quickly and securely to diverse data sources and can deliver large data volumes to target systems across cloud, multi-cloud, and on-prem environments. Diyotta was founded in 2011 and is based in Charlotte, North Carolina.

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