Databricks acquires serverless Postgres vendor bit.io

We’ve been moving our workflows out of Databricks to PostgreSQL to save a ton. Wonder if what they’re going to do with this would have been handy at the time.

Re: Databricks acquires serverless Postgres vendor bit.io

#7

Post by candiddevmike » Tue, May 30, 2023, 6:06 PM UTC

monero-xmr wrote: post #5

candiddevmike wrote: post #3

Is this an acqui-hire?

Assume any acquisition without public terms done over blog post is an acqui-hire. But given the market that's still an accomplishment!

Are there good examples where an acqui-hire works out for the acquiring company? Seems like the acquiring company's culture is almost always at odds with the company being acquired and it causes the high performing teams they paid dearly for to leave.

I don't understand what a company hopes to gain doing stuff like this as the (long term) incentives don't seem to align.

Re: Databricks acquires serverless Postgres vendor bit.io

#8

Post by dimfeld » Tue, May 30, 2023, 6:07 PM UTC

Corresponding statement from bit.io here: https://blog.bit.io/whats-next-for-bit-io-joining-databricks...

Re: Databricks acquires serverless Postgres vendor bit.io

#9

Post by mousetree » Tue, May 30, 2023, 6:08 PM UTC

monero-xmr wrote: post #5

candiddevmike wrote: post #3

Is this an acqui-hire?

Assume any acquisition without public terms done over blog post is an acqui-hire. But given the market that's still an accomplishment!

It's fairly common to not disclose the terms publicly.

Re: Databricks acquires serverless Postgres vendor bit.io

#10

Post by lern_too_spel » Tue, May 30, 2023, 6:11 PM UTC

candiddevmike wrote: post #3

Is this an acqui-hire?

bit.io is shutting down its service and telling all its customers to find a new solution, so very likely, yes. https://bit.io/