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Datastax Acquires Machine Learning Company Kaskada To Unlock Real-Time Ai

Jan 12, 2023•over 2 years ago

Acquiring Company

DataStax

Acquired Company

Kaskada Inc.

Santa ClaraSeattleSoftwareInternet ServicesInformation TechnologyMachine LearningArtificial IntelligenceSoftwareAnalytics

Description

DataStax, the real-time AI company, today announced it has acquired Kaskada, a machine learning (ML) company that first solved ​managing​, storing​ and accessing​ ​time-based data​ to train​ behavioral ML ​​models ​and deliver the ​instant, actionable insights​ that fuel artificial intelligence (AI)​.

Company Information

Company

DataStax

Location

3975 FREEDOM CIRCLE

Santa Clara, California, United States

About

DataStax is the real-time data company. With DataStax, any enterprise can mobilize real-time data and quickly build the smart, highly scalable applications required to be a data-driven business. With Astra DB and Astra Streaming, DataStax uniquely delivers the power of Apache Cassandra™—the world’s most scalable database—with the advanced Apache Pulsar™ streaming technology in an open data stack, available on any cloud. Hundreds of the world’s leading enterprises, including Verizon, Audi, ESL Gaming and many more rely on DataStax to unleash the power of real-time data to create the in-the-moment digital experiences that can win new markets and change industries. Learn more at DataStax.com. © 2022 DataStax, All Rights Reserved. DataStax is a registered trademark of DataStax, Inc. and its subsidiaries in the United States and/or other countries. Apache, Apache Cassandra, Cassandra, Apache Pulsar, Pulsar and Apache Kafka are either registered trademarks or trademarks of the Apache Software Foundation or its subsidiaries in Canada, the United States, and/or other countries.

M&A Insights

Based on deal data
Integration 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