Bellevue-based cloud technology company BitTitan has been acquired by Idera, a Houston-based company that makes productivity software.
The companies didn't disclose the financial terms of the deal. According to a news release, BitTitan will become part of its new parent company's data tools business unit.
“As the hybrid cloud drives IT complexity, BitTitan is an important solution for managed service providers to efficiently migrate and manage hybrid cloud environments,” Geeman Yip, BitTitan’s founder and CEO, said in a news release. “We’re excited to join Idera and leverage their scale and resources to fuel further growth."
BitTitan made a purchase of its own recently. In April, the company announced the acquisition of Perspectium for an undisclosed amount. Perspectium, a data integration company headquartered in San Diego, added over 75 employees to BitTitan's headcount, which had under 200 employees at the time of the announcement. Perspectium CEO David Loo took the role of chief product officer at BitTitan.
BitTitan was founded in 2007. Using BitTitan's technology, IT professionals can integrate and manage all their applications, which are often fragmented and from a variety of different vendors. At the time of the Perspectium acquisition, Yip told the Business Journal the company planned to grow to between 300 and 325 employees by the end of the year given the acquisition and organic growth.
In a release, BitTitan said it has 46,000 customers in 188 countries.
The company raised a $31 million Series C round in June, according to data from Cruchbase and the Securities and Exchange Commission.
Idera, meanwhile, was founded in 1999. With BitTitan and Perspectium, Idera now operates more than two dozen brands, which help clients with functions like application development, database management and security testing. According to Idera, the company has more than 50,000 clients globally.
“We see tremendous opportunity in adding BitTitan and Perspectium to Idera’s portfolio,” said Travis Jones, a general manager of Idera’s data tools business, said in the release. “Idera foresaw the market’s accelerated migration to cloud computing and built a portfolio of data automation, data migration, and database optimization solutions to support every customer’s journey to the future."
