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ICON serves as corporate development advisor to real time data integration startup Equalum

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Deal Release:

ICON’s sector and transaction expertise in AI & Data Technologies helped Equalum refine its strategic positioning and navigate a myriad of complex corporate development opportunities, which included strategic M&A interest and raising VC, with the company ultimately being acquired by Google

24 Aug 2023

ICON serves as corporate development advisor to real time data integration startup Equalum

Equalum, headquartered in Israel with offices in the UK and United States, provides real-time data integration through its highly scalable change data capture (CDC) platform.

The company had validated its platform by signing numerous enterprise customers including Walmart, Siemens, T-Systems and GSK. It had built connectors to 32 data sources, such as Kafka, MySL, Oracle, PostreSQL and SQLServer for data ingestion, and to 27 targets such as AWS, Azure, GCP, Snowflake and Yellowbrick.

ICON advised Equalum on its overall corporate development strategy, including M&A, fundraising, and strategic positioning.

“The data integration market is becoming increasingly competitive, with multiple startups, unicorns, and established incumbents shouldering their way into customer accounts through multiple different use case angles” said ICON’s Head of AI & DataTech Investment Banking, Ben Kolada.

“Startups in this sector are challenged to stake their own ground. Meanwhile, strategic interest here is rising and therefore it is imperative that vendors focus not just on their internal business but also on becoming better known to larger strategic and financial acquirers looking to fill gaps in their portfolios.”

During ICON’s engagement, Equalum attracted strategically valued M&A interest and closed a $14m Series C financing. ICON’s support contributed to the company ultimately being acquired by Google.

The Deal: