ThoughtSpot announced that the company acquired Diyotta, a data integration solutions provider. With this acquisition, more than 60 new employees in North America and India will join ThoughtSpot to supercharge the development of the Modern Analytics Cloud. Furthermore, this adds 25% more headcount to the global R&D team and 50% to the R&D team in India, including an expanded footprint in Hyderabad.
The acquisition of the data integration solutions platform will help the Analytics Cloud company rapidly expand integrations with the best services in customers’ modern data stack. Customers will be able to deploy ThoughtSpot seamlessly as part of their modern cloud architecture and deliver instant value to their business.
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In particular, the acquisition of Diyotta will accelerate integrations with modern data platforms, AI and ML services, and data applications built by web developers. The acquisition of Diyotta will further accelerate expanding the ecosystem for the Modern Analytics Cloud, helping connect and integrate ThoughtSpot’s analytics platform with technologies across this burgeoning industry.
Sumeet Arora, Chief Development Officer, ThoughtSpot stated, “We’ve been fans of the work Diyotta has done to help their customers solve some of the toughest challenges involved in integrating their data into their business workflows. Diyotta’s team understands the dynamic, nuanced ecosystem and unique problems companies face in transforming how they leverage their data to drive processes and change decision-making.” “As we unlock more value for our customers with the Modern Analytics Cloud, Diyotta’s experience and shared vision for bringing together people, processes, and data was a perfect complement,” he added.
Commenting on the same, Sanjay Vyas, CEO & Cofounder of Diyotta said, “Both ThoughtSpot and Diyotta have large, shared enterprise customers and with this merger, we are looking to provide more comprehensive applications in order to make cloud analytics seamless. Companies today run on data. It’s at the core of every modern organization. By joining forces with ThoughtSpot, we’re going to be able to expand how we help these businesses empower their entire team with data.” Vyas added, “The Modern Analytics Cloud democratizes the most cutting edge innovations in the data ecosystem by putting them in the hands of every employee. I’m incredibly excited to help advance that important mission.”