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

By REUTERS
May 15, 2019 19:28
Amir Orad, CEO of Sisense (right) and Harry Glaser, CEO and Co-Founder of Periscope Data

Amir Orad, CEO of Sisense (right) and Harry Glaser, CEO and Co-Founder of Periscope Data. (photo credit: SISENSE)

 
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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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