Sisense to Acquire Analytics Startup Periscope Data
With the acquisition, Sisense will surpass the $100 million mark in annual recurring revenue
Israel-based business intelligence startup Sisense Ltd. announced on Tuesday the acquisition of the assets, people, and overall business operations of cloud data analytics company Periscope Inc., known as Periscope Data. The financial details were not disclosed but one person familiar with the matter who spoke with Calcalist on condition of anonymity said it was a stock deal valued at over $100 million.
For daily updates, subscribe to our newsletter by clicking here.San Francisco-based Periscope counts Adobe, Crunchbase, ZipRecruiter, and Tinder among its clients. Its 150 employees, including founders Harry Glaser and Tom O'Neill, will be integrated into Sisense, which currently employs some 550 people in Israel, New York, London, Arizona, Kiev, Melbourne, and Tokyo. With the acquisition, Sisense will surpass the $100 million mark in annual recurring revenue (ARR), the company said.