Also in the open source world, Vista Equity Partners spent a reported $1 billion to purchase a majority stake in Acquia, which offers a Drupal-based digital experience platform. Acquia itself has recently purchased Mautic, an open source marketing automation system, and Cohesion, a low-code Drupal Web site builder.
It’s Eat Your Spinach Day here at CDP Institute, when we publish important news you probably won’t read. We’ll start with a $44 million Series B for Fivetran, which offers automated data integration technology that can build custom connectors in minutes. This is generic technology that could compete with Customer Data Platforms.
RedPoint Global doesn’t have new features today but did raise $13.5 million in new funding round, bringing its total to $37.2 million per Crunchbase. The funds will used to support growth via geographic expansion and strategic partnerships.
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.