Singapore – Data and AI company Databricks announced that it has agreed to acquire Arcion, a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms.
This acquisition of Arcion will enable Databricks to provide native solutions to ingest data from various databases and SaaS applications into the Databricks Lakehouse platform, with a transaction valued at over $100 million, inclusive of incentives.
In turn, the acquisition will enable Databricks to natively provide a scalable, easy-to-use, and cost-effective solution to ingest data from various enterprise data sources. Building on a scalable change data capture (CDC) engine, Arcion offers connectors for over 20 enterprise databases and data warehouses.
Furthermore, the integration will simplify ingesting such data either continuously or on-demand into the lakehouse, fully integrated with the enterprise security, governance, and compliance capabilities of the platform.
Talking about the agreement, Ali Ghodsi, co-founder and CEO at Databricks, said, “Arcion’s highly reliable and easy-to-use solution will enable our customers to make that data available almost instantly for faster and more informed decision-making. Arcion will be a great asset to Databricks, and we are excited to welcome the team and work with them to further develop solutions to help our customers accelerate their data and AI journeys.”
Meanwhile, Gary Hagmueller, CEO of Arcion, commented, ”Arcion’s real-time, large-scale CDC data pipeline technology extends Databricks’ market-leading ETL solution to include replication of operational data in real-time. Databricks has been a great partner and investor in Arcion, and we are very excited to join forces to help companies simplify and accelerate their data and AI business momentum.”
