Fivetran to acquire HVR and raises $565 million

Fivetran, an automated data integration company has entered into a definitive agreement to acquire HVR, an enterprise data replication technology provider.

Data replication is the process of copying data from one location to another. The technology helps an organization possess up-to-date copies of its data in the event of a disaster. Replication can take place over a storage area network, local area network or local wide area network, as well as to the cloud.

The acquisition comes after Fivetran wanted to provide database replication performance with enterprise-grade security. It will address the market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more.

“HVR is a recognized leader for enterprise database replication and shares our same vision – to make access to data as simple and reliable as electricity. Their product is the perfect complement to our automated data integration technology and will be instrumental for us to help enterprise organizations that want to improve their analytics with a modern data stack,” George Fraser, CEO Fivetran, said.

The company has also raised $565 million in series D round which consisted of new and existing investors. Andreessen Horowitz (a16z) led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and with new investors ICONIQ Capital, D1 Capital Partners, and YC Continuity.