Talend acquires API design and test specialist Restlet
Talend, which specialises in big data and cloud integration, is acquiring the outstanding shares of Restlet SAS, a France-based company that specialises in API design and testing, reports Enterprise Cloud News (Banking Technology‘s sister publication).
Although no financial details were released, all 16 members of the Restlet staff along with the company’s founder will join the combined entity, according to the firms.
Talend plans to incorporate Restlet’s API technology into its open source Data Fabric, which gives its customers interested in big data projects the ability to integrate, transform, share, as well as govern, data. By expanding the use of APIs, the company’s customers can share this data more securely, as well start monetising it through different big data projects.
In a statement, Ciaran Dynes, SVP of products at Talend, noted that while many companies are building data lakes as part of big data projects, it’s hard to share that information with partners and clients. The technology from Restlet will help streamline that process.
When the integration between the Talend Data Fabric and Restlet’s APIs tools is complete, the company will be able to support other open source projects such as Swagger and RAML. In addition, the technology will be compatible with third-party API gateways, including Google Apigee.
Founded in 2015, Talend went public in 2016 – one of the few tech initial public offerings (IPOs) during that year. While relatively small, the market that Talend plays in – data integration – is projected to grow at a compound annual growth rate (CAPR) of about 6% during the next five years, and would be worth about $4 billion by the end of 2021, according to a recent estimate from Gartner.