DEAL_OVERVIEW
Deal Terms
Date
2024-06-05
Amount
$1.0B
Est. Multiple
50.0x
Key Talent
50 engineers
Integration Time
6 months
Categories
Data LakehouseOpen Table Formats
Deal Multiples
EV / ARR
Estimated. Tabular had ~$20M ARR. Strategic premium for Iceberg creators.
50.0x
Price / Employee
$1B / 50 employees = $20M per employee.
$20.0M
Strategic Rationale
Bring the original Iceberg creators into Databricks to ensure first-class open table format support alongside Delta Lake.
POST_ACQUISITION_TIMELINE2 EVENTS
2024-06-15reorg
Tabular team joins Databricks open-source division
Original Apache Iceberg creators (Ryan Blue, Dan Weeks) join Databricks to lead open table format strategy.
2024-10-01feature integration
Delta Lake-Iceberg interoperability announced
Databricks announces UniForm GA, enabling seamless reading of Delta tables as Iceberg tables.
KEY_PEOPLE1 TRANSITIONS
RB
Ryan Blue
Tabular CEO & Co-founder→Databricks Distinguished Engineer, Open Source