Import.io Acquires Connotate
LOS GATOS, Calif. Feb. 12, 2019 — Import.io, a leading Web Data Integration solution provider, today announced that it has acquired Connotate, a leader in web data extraction for corporate enterprises, to further solidify its market leadership position in the emerging Web Data Integration category. Total spend on Web Data Integration is estimated to hit $5 billion in 2019, and this acquisition, combined with rapid organic expansion, will allow Import.io to scale and meet the fast growing enterprise demand for its solutions.
Connotate brings new technology to Import.io, including eight patents. Import.io will consolidate this technology into a superset solution that will be available to all customers. With the addition of more than 70 enterprise-class customers including Dow Jones, Cox Automotive, Capital One Services and Moody’s Analytics Knowledge Services, Import.io’s customer base now exceeds 850 customers, including many of the largest companies in the world.
“With Connotate, Import.io is acquiring blue-chip enterprise customers, innovative technology and outstanding domain expertise, further establishing us as the undisputed leader in Web Data Integration,” said Gary Read, CEO of Import.io. “External spend on web data extraction is growing 70 percent annually as organizations shift from internal engineering led projects to enterprise-class SaaS. This acquisition will help us to continue to rapidly scale to meet the exploding demand for our solution and, most importantly, will further enable us to help our customers achieve success and competitive advantage. All customers, whether currently with Connotate or Import.io, will benefit.”
Import.io will retain almost all Connotate’s employees and, as a result, will have a product engineering team of over 30 people. Kelley Scott will be joining Import.io as director of software engineering and will be responsible for a significant portion of the expanded engineering team. Gina Cerami will join Import.io as vice president of marketing and Vincent Sgro, founder of Connotate, will join as chief scientist.
“We are thrilled to be joining Import.io. This is a great opportunity for our customers, our employees and our success,” said Sgro. “We’ve competed against Import.io for a long time and were always very impressed by their leadership and continued success. Joining forces means bigger and better things for both our customers and theirs.”
This acquisition highlights Import.io’s strong momentum in recent months. In December 2018, Import.io announced a Series B funding round, and in January 2019 Import.io announced expanded capabilities for its Web Data Integration solution, as well as a Data Quality Guarantee.
Stephens Inc. served as exclusive financial advisor to Connotate in the transaction.