Over the course of the past 10 months Cloudability has been buying up small start ups to expand its footprint, bring talented software engineers into the company, and increase its customer base.
Cloudability purchased the assets of its competitor CloudVertical in March 2015, acquired the assets of Attribo in June and bought RipFrog in July. Now Cloudability has announced it has acquired the firm DataHero for an undisclosed sum. The deal will see 12 DataHero employees make the switch to Cloudability, although company founder Chris Neumann will not be moving under the deal and nether will DataHero CEO Ed Miller.
Cloudability does not plan to make major changes in the short term. The DataHero business will continue to be run as it currently is.
While the services provided by each company do not appear to share that much in common, Cloudability CEO Mat Ellis believes there are key overlaps in the services provided by both companies. Perhaps most importantly are both firms are SaaS providers and have an excellent understanding of the market. Cloudability will benefit from gaining skilled cloud service engineers, sales staff, and product managers.
Cloudability is concerned with the collection and analysis of cloud usage data to allow its customers to optimize their cloud resources. DataHero deals with different data sets, helping non-technical users generate data visualization. Ellis believes Cloudability customers would benefit from being given access to the data of DataHero and will be able to get answers to questions that are not currently available through the Cloudability platform.
Ellis said the initial plan is to, “Build a connector so folks can use DataHero to easily ingest business facts (invoiced $ from Zuora, conversions from Google Analytics, etc. + future DataHero integrations) into Cloudability and get meaningful derived metrics, like IT cost per new customer, or unit contribution margin after COGS.” The acquisition will save a lot of money by eliminating duplication of certain tasks and save money on research and development by reusing technology across both platforms.”
