BLOG

kindrik partners advises the last pickle on acquisition by datastax

Logo_white

share:

We’re thrilled to have advised kiwi database consultancy The Last Pickle on its sale to US-based data management company DataStax.

CEO Aaron Morton founded The Last Pickle in 2012 following a stint at Weta Digital where he worked on VFX for the movie Avatar. It was there that he discovered Cassandra, a free and open-source NoSQL database system designed to store large volumes of information with no single point of failure.

The Last Pickle has now developed a number of popular open-source tools for Cassandra, and has created open source solutions for the likes of Spotify, as well as US telco giants T-Mobile and AT&T.

Aaron says, “Cassandra made large scale, highly available databases for many countries around the world.  We want to make Cassandra easier to use at any scale, and to make it a realistic choice for every developer. By joining forces with DataStax, we are going to be able to have a much bigger impact.”

“We’ve worked closely with DataStax throughout the years, so we’re excited to make it official. We’re also excited to do more in New Zealand – it’s a good news story for everyone.”

The Last Pickle is DataStax’s first acquisition since Google LLC alumni Chet Kapoor took over as CEO last October. Kapoor says, “DataStax and The Last Pickle are both at the forefront of Cassandra innovation. By joining forces, we strengthen our commitment to NoSQL, the open source Cassandra community, products, and innovation.”

For the Kindrik Partners team, the deal was particularly notable for the record time in which it got across the line.  Fewer than 21 days passed between the term sheet being signed and completion – a true test of what can be achieved with motivated parties and a few late nights.

Keen to learn more? Explore our m&a resources for kiwi companies.

explore our other blog posts

post-money convertible notes

Back in 2018, Y-Combinator (YC) updated their core investment instrument and launched what is now known as the post-money SAFE. We analysed the post-money SAFE back in 2020 – see our blog here https://kindrik.co.nz/blogs/a-primer-on-post-money-safes-in-new-zealand/. The main difference between a pre-money and post-money SAFE is that, on conversion, under the pre-money…
[partial name="mailchimp-newsletter-horizontal" dir="template-parts/components/component"]

are you based in southeast asia?

If so then you may prefer kindrik.sg