SQream Snaps Up Panoply to Supercharge its Cloud Offerings

SQream Technologies, a provider of GPU-based data analytics platform, is acquiring Panoply, a codeless cloud data platform, to expand its cloud offering – enabling companies to become a leading hub in future-ready data analytics platforms.

Sqream’s portfolio will leverage SaaS cloud offerings to provide business leaders with the ability to generate insights from any data environment – so they can innovate faster, increase revenue and reduce risk in their digital transformation.

said Yaniv Levin, Panoply Co-Founder and CEO.

Data warehouse management and code-free ELT services from Panoply will be integrated into SQream’s rapid hybrid analytics platform.

This will simplify the transition process for companies looking to convert their on-premises data environments to hybrid or full cloud and will allow cloud-first companies to scale easily as their data needs mature, according to the vendor.

Panoply will add a handful of clients to SQream’s lucrative client base, and all of its employees will join SQream to build a 160+ team with an ambitious growth plan to expand into all areas, from sales and marketing to engineering, in order to meet the demand for the company’s services.

SQream’s explosive growth is expected to further accelerate with Panoply, by providing more support and product development to a larger group of customers.

“This is an important step towards implementing SQream’s vision to provide our customers with the fastest data analytics platform in the industry, on any scale of data for organizations of multiple sizes, in any environment – ​​cloud, on premises, and on the edge,” said Amy Gal, Co-Founder and CEO of SQream. “With the acquisition of Panoply, we are combining cutting-edge GPU-powered SQream technology with Panoply’s tremendous ease of use and seamless integration and integration. This is a major milestone in our journey to provide the world with a new class of analytics platform ready for tomorrow’s data challenges.”

For more information on this news, visit https://sqream.com/.

Leave a Comment