Boomi announced a definitive agreement to
acquire Rivery, a modern data integration provider that offers cutting-edge
Change Data Capture (CDC) for real-time, efficient data movement. Rivery's
skilled data management team will join Boomi, strengthening the company's
ability to deliver world-class solutions to customers and accelerate its
trajectory as a leader in the integration and automation space. The
acquisition, expected to close by the end of 2024 pending customary closing
conditions, reinforces Boomi's commitment to delivering a seamless, unified
platform for intelligent integration and automation, API management, and data
management. Terms of the deal remain undisclosed.
"This
acquisition marks an important milestone for Boomi as we expand our platform to
address the evolving data management needs of businesses in the age of
data-driven decision-making and AI," said Steve Lucas, Chairman and CEO of
Boomi. "Rivery's differentiated low-code Extract, Load, and Transform (ELT)
capabilities and CDC technology align perfectly with our strategy to deliver
seamless, powerful tools that transform data into a strategic asset. By
integrating Rivery's solutions and welcoming its exceptional team, we are
doubling down on our mission to help organizations thrive in a rapidly changing
digital landscape."
Accelerating
Boomi's Vision to Simplify Data Management
Rapidly
increasing data volumes, more data sources, and the complexity of integrating
disparate systems are just a few of the challenges organizations face today.
Many struggle with data silos, lack of data quality, and insufficient
governance. To harness the full potential of trusted AI, and ensure the data
accuracy, accessibility, and security needed for data-driven decision-making,
companies must implement robust data orchestration and management
strategies.
"Low
latency requirements are emerging across modern enterprises, and CDC technology
is increasingly used to ensure real-time updates and timely data-driven
insights, recommendations and actions," said Doug Henschen, VP and Principal
Analyst at Constellation Research. "Rivery's technologies will not only
facilitate seamless integration of data across silos, but also empower
businesses to make informed decisions and deploy trusted AI solutions that can
adapt to evolving market demands."
Rivery's
modern data integration platform, paired with its market-leading CDC
technology, complements Boomi's existing capabilities by enabling organizations
to build intuitive, end-to-end data pipelines faster and more efficiently. This
combination allows customers to quickly deploy data pipelines utilizing ELT
capabilities.
"This is a
transformative moment for Rivery's employees, customers, and partners," said
Itamar Ben Hemo, CEO of Rivery. "Our end-to-end platform has established a
strong brand in the data management landscape, serving over 450 customers
globally and addressing their evolving needs. The unified platform offered by
Boomi merges critical elements essential for every company today: API
management, integration and automation, and data management-all supported by
strong AI foundations."
New
Capabilities Strengthen Customers' Ability to Consolidate on Fewer Vendors
With the
addition of Rivery, Boomi blurs the lines between integration platform as a
service (iPaaS), API management, and data integration, providing:
- Market-leading integration
and automation, powered by Boomi AI Agents
- Cloud-scale API management with a
unique, federated approach to discover, manage, and govern APIs across
gateways
- Enhanced data management with
seamless synchronization and modern data movement through AI-ready data
pipelines