Acquiring Company
Databricks
Acquired Company
Fennel
Description
Databricks has acquired Fennel to enhance its AI model development capabilities. Fennel specializes in automating feature engineering for machine learning. This acquisition aims to streamline data preparation processes. The integration is expected to improve efficiency for Databricks users.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed