June 17, 2013 – Datawatch announced Monday an all-stock proposal to buyout Swedish data visualization and analytics vendor Panopticon Software AB for $31.4 million. 

Big data was the buzz phrase in information released by both vendors, with Datawatch touting the Panopticon visualization software as a vital add-on to its own solutions for accessing a vast range of databases and structured or unstructured sources. Panopticon offers its namesake data visualization and discovery platform, as well as its Panopticon Embed tool for building out dashboards, as part of applications and integrated capabilities into QlikView.

The vendor was founded as a private company in 2002 and has attained customers with an emphasis on financial services, telecommunications and energy firms. The deal has been approved by both boards of directors. It’s subject to customary closing conditions and anticipated by Datawatch to close at the end of September.

Based in Massachusetts and founded in 1985, Datawatch counts approximately 40,000 organizations using its data integration and optimization products and services. Michael A. Morrison, Datawatch CEO and president, said in a release on the proposed deal that the addition of Panopticon’s real-time discovery solution would “immediately benefit” customers and partners.

Last year, Ventana Research’s Mark A. Smith assessed Datawatch’s latest batch of releases, giving the vendor high marks for its move toward SaaS options and increased analytic efficiency and discovery. At the end of April, Datawatch reported Q2 revenue of $6.83 million, up 4 percent from the previous quarter, as it added partnerships with MarkLogic, IBM and ASTA Systems focusing on BI and advanced analytic capabilities.

In its market forecast, the International Institute for Analytics pegged 2013 as a year ripe for big data mergers, acquisitions and even the end to some vendors based on the big data hype cycle “meeting organizational realities.” Separately, NewVantage Partners put enterprise spending on various big data capabilities in the range of $100 million over the next three years.

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