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