ThoughtSpot, the Modern Analytics Cloud company, announced that it has reached a definitive purchase agreement over Diyotta, a pioneer in modern data integration solutions. This new partnership with Diyotta would benefit the company by being able to quickly extend integrations with best-of-breed services in customers' modern data stacks.

With the acquisition, the company will hire more than 60 new employees in North America and India to accelerate the growth of the Modern Analytics Cloud, adding 25 percent more headcount to the global R&D team and 50 percent more headcount to the R&D team in India, including a larger presence in Hyderabad.

The acquisition of Diyotta will help the company extend its Modern Analytics Cloud ecosystem by connecting and integrating its analytics platform with technologies from around the industry.

Customers will now be able to easily integrate ThoughtSpot into their new cloud architecture and gain immediate value for their company. The acquisition of Diyotta, in particular, would speed up integrations with modern data systems, AI and ML services, and web-based data applications.

Customers need the opportunity to use a custom stack designed from the best the industry has to offer to solve their unique problems as more innovations reshape the data marketplace. ThoughtSpot's Modern Analytics Cloud provides businesses with a consumer-grade interface for interacting with this emerging data ecosystem.

This could also allow companies to expand their own data stack and then use an easy, accessible, and actionable analytics platform to enable all of their workforce, customers, and partners to benefit from it.

“Both ThoughtSpot and Diyotta have large, shared enterprise customers and with this merger we are looking to provide more comprehensive applications in order to make cloud analytics seamless. Companies today run on data. It’s at the core of every modern organization. By joining forces with ThoughtSpot, we’re going to be able to expand how we help these businesses empower their entire team with data. The Modern Analytics Cloud democratizes the most cutting-edge innovations in the data ecosystem by putting them in the hands of every employee. I’m incredibly excited to help advance that important mission”, said Sanjay Vyas, CEO and Cofounder, Diyotta.

The 'Solutions Review', which is a leading global technology analyst company, has named Diyotta as one of the top five data integration vendors to watch in 2020. Furthermore, Diyotta's team has a wealth of experience developing data products that address some of the most difficult problems that modern companies face.

“We’ve been fans of the work Diyotta has done to help their customers solve some of the toughest challenges involved in integrating their data into their business workflows. Diyotta’s team understands the dynamic, nuanced ecosystem and unique problems companies face in transforming how they leverage their data to drive processes and change decision-making. As we unlock more value for our customers with the Modern Analytics Cloud, Diyotta’s experience and shared vision for bringing together people, processes, and data was a perfect complement”, said Sumeet Arora, Chief Development Officer, ThoughtSpot.