February 18, 2019
has acquired Connotate, the provider of web data extraction for
corporate enterprises, to further solidify its market leadership
position in the emerging Web Data Integration category. Total spend on
Web Data Integration is estimated to hit $5 billion in 2019, and this
acquisition, combined with rapid organic expansion, will allow Import.io
to scale and meet the fast growing enterprise demand for its solutions.
Terms ere not
Connotate brings new technology to Import.io, including eight patents.
Import.io will consolidate this technology into a superset solution that
will be available to all customers. With the addition of more than 70
enterprise-class customers including Dow Jones, Cox Automotive, Capital
One Services and Moody’s Analytics Knowledge Services, Import.io’s
customer base now exceeds 850 customers, including many of the largest
companies in the world.
Gary Read, CEO of Import.io said, "With Connotate, Import.io is
acquiring blue-chip enterprise customers, innovative technology and
outstanding domain expertise, further establishing us as the undisputed
leader in Web Data Integration. External spend on web data extraction is
growing 70 percent annually as organizations shift from internal
engineering-led projects to enterprise-class SaaS. This acquisition will
help us to continue to rapidly scale to meet the exploding demand for
our solution and, most importantly, will further enable us to help our
customers achieve success and competitive advantage. All customers,
whether currently with Connotate or Import.io, will benefit."
will retain almost all Connotate’s employees and, as a result, will have
a product engineering team of over 30 people. Kelley Scott will be
joining Import.io as director of software engineering and will be
responsible for a significant portion of the expanded engineering team.
Gina Cerami will join Import.io as vice president of marketing and
Vincent Sgro, founder of Connotate, will join as chief scientist.
Vincent Sgro, Founder of Connotate added, "We are thrilled to be joining
Import.io. This is a great opportunity for our customers, our employees
and our success. We’ve competed against Import.io for a long time and
were always very impressed by their leadership and continued success.
Joining forces means bigger and better things for both our customers and
This acquisition highlights Import.io’s strong momentum in recent
months. In December 2018, Import.io announced a Series B funding round,
and in January 2019 Import.io announced expanded capabilities for its
Web Data Integration solution, as well as a Data Quality Guarantee.
Stephens Inc. served as exclusive financial advisor to Connotate in the