Business intelligence (BI) and Data Analytics firm Tableau has made some acquisitions this week. The company has just acquired ClearGraph, a Startup that specializes in natural language query technology, for an undisclosed amount.
According to TechCrunch, the BI specialist plans to integrate ClearGraph’s technology into its own products, enabling smart enterprise data discovery and more effective data analysis. ClearGraph’s technology will allow companies to query and visualize a large amount of enterprise data through natural language processing.
This three-year-old startup has a unique natural language query technology that could make it easy for companies and organizations to search and analyze enterprise data. The news of acquisition comes just a few months after Tableau introduced its first smart features in the market.
Tableau Software, a close look at the BI specialist
Founded in 2003 and based in Seattle, Washington, Tableau Software is a business intelligence and data analytics company that provides interactive data visualization products. The company’s core product queries relational databases, cloud-based databases, spreadsheets and OLAP cubes and then generates a readable graph type. Its products offer some mapping functionality, including latitude and longitude coordinates, and also custom geocoding.
The software company has been growing fast, with no sign of slowing down. On May 2013, the company launched its first IPO (initial public offering) on the New York Stock Exchange and raised more than $250 million in fresh capital. In addition to its IPO, the company also raised over $45 million in venture capital funding from lead investors Meritech and NEA.
The company has won several awards, including DM Review’s “Best Overall in Data Visualization” and PC Magazine’s “Best of 2005 for Data Analysis.” It also won the prestigious CODiE Awards’ “2008 Best Business Intelligence Solution.” The CODiE Awards are annual IT awards given by the Software and Information Industry Association for excellence works in the field of software development.
The award is one of the most recognized peer-recognition awards within the software industry.
Tableau has also got its name involved in some big IT stories. On December 2010, the company made a huge headline when it withdrew its visualization tools from the contents of the US diplomatic cable leaks by WikiLeaks. But Tableau made some explanation about its action, it stated that it was done due to some political pressure from US Senator Joe Lieberman. On February 2011, the company decided to post an updated data policy change.
A close look at ClearGraph, the target company
Founded in 2014 and based in Palo Alto, California, ClearGraph is a semantic search solution for enterprise IT. The startup’s proprietary search solution utilizes natural language processing to intelligently search and analyze queries, making data accessible to business users at a huge scale.
As a part of the deal, ClearGraph’s team will join Tableau’s head office in Palo Alto, California. The team will be working on integrating ClearGraph’s technology with Tableau’s business intelligence and data analytics products Before its deal with Tableau, the company received $1.53 million in venture funding from lead investors Accel Partners and Great Oaks Venture Capital.
