It’s more than week since we’ve had a CDP acquisition to report, Dear Reader and I’m sad too. Maybe you’ll feel a little better to learn that open source data integration vendor Talend was just purchased by private equity investor Thoma Bravo for $2.4 billion. That’s a 29% premium over its closing stock price and 8.3 times 2020 revenue.
The company, which has enjoyed four-fold growth during the pandemic, can rest easy following a California judge’s ruling that violating user privacy rights by sharing personal information with Facebook, Google and LinkedIn — and letting malevolent intruders join meetings (called Zoombombing) — is “mostly” immune under Section 230 of U.S. law.
What makes Talend so valuable? Fivetran’s survey of data engineers gives a hint: 44% said key data isn’t available for decision-making and 68% said more insights could be extracted if they had more time. More than half collect data from more than ten data sources and 51% said their data pipelines break at least once every month.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.