Center City-based Stitch, a spinoff of analytics firm RJMetrics founded in 2017, announced Wednesday it will be acquired by Redwood, Calif.-based Talend — makers of a cloud data integration solution — in a deal worth $60 million in cash.

As part of the transaction, expected to be completed later this year, CEO and cofounder Jake Stein will become SVP of a Stitch business unit within Talend and will report directly to its CEO, Mike Tuchen.

“Stitch is a great addition that gives us a compelling offering in the market for simple, self-service integration for cloud data warehouses,” Tuchen said in a press release. “In addition, we believe Stitch will work as an efficient high-volume way to acquire new cloud customers to whom we can market our advanced cloud solutions for data integration, transformation, cleaning, preparing and cataloging.”

READ FULL ARTICLE HERE