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Data analytics firm Sisense buys U.S. firm Periscope Data

Posted by Nabin Rayamajhi on Jul 11, 2019 7:28:37 PM

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.

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Topics: News, Sisense, Mondelio, Periscope Data

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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.

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