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Talend has entered into a memorandum of understanding with Thoma Bravo for a tender offer to acquire all outstanding shares for $66.00 per share, valuing Talend at approximately $2.4 billion. This offer represents a 29% premium to Talend's closing price on March 9 and an 81% premium over the last twelve months. The Board of Directors unanimously approved the agreement, which will transition Talend to a private company focused on its cloud initiatives and data solutions. The tender offer is expected to close in Q3 2021, subject to regulatory approvals.
Talend (NASDAQ: TLND) announced that Sumitomo Life Insurance Company, a leading insurer in Japan, has adopted Talend Data Fabric for enhancing its data analytics infrastructure. This partnership aims to establish a robust data analysis platform, known as the Sumisei Data Platform, to support innovative insurance products and services. Talend's capabilities in cloud implementation and data management were key factors in this collaboration. Sumitomo Life intends to leverage Talend's solutions to adapt to evolving customer needs and maintain competitiveness in the insurance market.
Talend (NASDAQ: TLND) reported fourth quarter 2020 revenues of $78.9 million, a 17% increase year-over-year. Cloud ARR surged to $108.5 million, reflecting a 101% growth from the previous year. Annual Recurring Revenue rose 19% to $288.7 million. Despite strong revenue growth, the company faced a GAAP operating loss of $16.5 million and a non-GAAP operating loss of $1.4 million. Guidance for Q1 2021 suggests revenues of $77.5 million to $78.5 million and a non-GAAP net loss per share between $0.27 and $0.24.
Talend (NASDAQ: TLND), a global leader in data integration and integrity, will present at the 2021 Goldman Sachs Tech & Internet Conference on February 11, 2021, at 10:10 am PT. The presentation will be available for live streaming and archived on Talend's investor relations website for 30 days. Talend's Data Fabric platform simplifies data management, offering organizations reliable, real-time data, and features the Talend Trust Score™, which assesses data reliability for better decision-making.
Talend announced that Tape à l'oeil, a French children's clothing retailer, has selected Talend to enhance its digital transformation. Utilizing Talend Data Fabric, the retailer aims to optimize customer experiences by delivering trusted data in real-time, improving supply chain management, and integrating sales data from various platforms. The collaboration comes in response to changing consumer behaviors accelerated by the COVID-19 pandemic, allowing Tape à l'oeil to build a customer-360 approach and react swiftly to market demands. This partnership highlights Talend's role in supporting data-driven retail strategies.
Talend (NASDAQ: TLND) will announce its financial results for Q4 2020 after market close on February 10, 2021. The company will host a conference call for analysts and investors at 1:30 PM Pacific time on the same day. The financial results will be available on Talend's investor relations website before the call. Participants in the U.S. and Canada can join by calling 866-248-8441, while international participants can dial +1 323-289-6576, using conference code 4015460. A telephonic replay will be accessible through February 15, 2021.
Talend (NASDAQ: TLND) has launched its second European data center in Frankfurt, dedicated to its cloud data ingestion service, Stitch. This facility, operational since November 2020, addresses compliance challenges following the EU's invalidation of the EU-US Privacy Shield Framework. The new center aims to simplify data transfer for customers, enhancing security and compliance with GDPR. Talend's Stitch service facilitates access to siloed data from over 130 sources, enabling businesses to gain actionable insights more efficiently. This initiative supports growing customer needs while maintaining data sovereignty in the EU.
Talend (NASDAQ: TLND) has expanded its partnership with Snowflake, enhancing data integration through Snowflake Partner Connect. This collaboration allows users a two-week trial of Talend Data Fabric, including the innovative Talend Trust Score for assessing data reliability. The platform is geared towards facilitating real-time, clean data for business-critical decision-making. Talend's unified approach and the introduction of the Trust Score aim to empower companies to drive insights and accelerate revenue growth while ensuring data integrity across multi-cloud environments.
Talend (NASDAQ: TLND) announced participation in two upcoming conferences: the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 8:00 am PT, and the Needham 23rd Annual Virtual Growth Conference on January 12, 2021, at 11:45 am PT. Both presentations will be webcast live and available for replay on Talend's investor relations website for 30 days. Talend continues to be a leader in data integration and integrity, serving over 5000 organizations worldwide.
On November 30, 2020, Talend (NASDAQ: TLND) announced at AWS re:Invent 2020 that it has achieved both the AWS Migration Competency and AWS Outposts Ready designations. The AWS Migration Competency recognizes Talend's capability to assist customers in migrating to AWS, while the AWS Outposts Ready designation highlights successful integration with AWS Outposts, facilitating a consistent hybrid experience. Talend's innovations in data integration and integrity empower over 5,000 organizations globally to leverage their data effectively.
