{"id":430934,"date":"2021-02-08T16:04:31","date_gmt":"2021-02-08T21:04:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430934"},"modified":"2021-02-08T16:04:31","modified_gmt":"2021-02-08T21:04:31","slug":"liveramp-to-acquire-datafleets-to-power-next-generation-distributed-data-collaboration","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/liveramp-to-acquire-datafleets-to-power-next-generation-distributed-data-collaboration\/","title":{"rendered":"LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration<\/b><\/p>\n<p class=\"bwalignc\"><i>Extends Data Protection Capabilities <\/i><\/p>\n<p class=\"bwalignc\"><i>Provides Enterprises with Maximum Flexibility and Control Over Data \u2013 Wherever Data Lives<\/i><\/p>\n<p class=\"bwalignc\"><i>Expands Safe Haven Market Opportunity<\/i><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fliveramp.com%2F&amp;esheet=52375505&amp;newsitemid=20210208005758&amp;lan=en-US&amp;anchor=LiveRamp&amp;index=1&amp;md5=1f2bedff69a71b7364f44f72d67f03d0\">LiveRamp<\/a>\u00ae (NYSE: RAMP), the leading data connectivity platform, today announced that it has entered into a definitive agreement to acquire <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.datafleets.com%2F&amp;esheet=52375505&amp;newsitemid=20210208005758&amp;lan=en-US&amp;anchor=DataFleets&amp;index=2&amp;md5=6cbc9bdc7e37a75d8975a8f1c4e84fcd\">DataFleets<\/a>, a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp\u2019s data protection capabilities to unlock greater data access and control for its customers. In addition, the deal opens up new use cases as well as new markets for distributed data collaboration through LiveRamp Safe Haven.\n<\/p>\n<p>\nWith the exponential growth of data, enterprises are constantly evaluating how to best access and leverage data to fuel growth and innovation. Regardless of size, sector or geography, every company is trying to build a data strategy for competitive advantage. However, heightened privacy regulations and security considerations often put limitations on how data can be used or analyzed. Leveraging multiple advanced mathematical privacy technologies, DataFleets offers products that unify distributed data for collaboration and analytics without moving raw data beyond an enterprise\u2019s firewall. Some early and existing privacy tools suffer from a limited set of operations and capabilities that they can handle safely. Now with DataFleets technology, enterprises can access a modern, rich set of data protection tools that can be configured based on each business\u2019s needs. DataFleets\u2019 federated learning technology makes it possible to analyze data across borders and silos in fragmented architectures, as if they were all aggregated to one location. Simply put, DataFleets keeps private data useful, and useful data private.\n<\/p>\n<p>\n\u201cThis transformative acquisition combines LiveRamp\u2019s deep privacy expertise and widely adopted platform with DataFleets\u2019 game-changing technology, unlocking massive value for the entire ecosystem,\u201d said Anneka Gupta, president and head of products and platforms at LiveRamp. \u201cTogether, our combined capabilities will pave the way for the next generation of privacy technology, serving as the foundation for our platform and products, and underscoring our commitment to making it safe and easy for enterprises to use data \u2013 wherever it lives.\u201d\n<\/p>\n<p>\nWith the addition of DataFleets, LiveRamp will further extend its ability to meet evolving marketplace demands by strengthening its differentiated capabilities across four foundational pillars:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Unlocking Data Access<\/b>\u2014Proprietary data is available for analytics without requiring the movement of data\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Privacy-Preserving Technology<\/b>\u2014Identity resolution and collaboration workflows across distributed data sets are supported without compromising privacy or security\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Extended, Global Connectivity<\/b>\u2014Deeper connections are enabled across data sets formerly siloed by infrastructures, industries and geographies\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Total Control<\/b>\u2014LiveRamp customers keep continuous control over their data while collaborating and have the ability to choose the right approach and level of data protection to meet their business needs\n<\/li>\n<\/ul>\n<p>\nDataFleets provides Safe Haven customers more flexible options for distributed data collaboration, as well as unlocks privacy-protecting analytics use cases for new industries such as healthcare and financial services. In addition, DataFleets helps LiveRamp\u2019s products and solutions adapt across jurisdictions with privacy designed into their infrastructure layers, empowering customers to comply with evolving privacy regulations around the world.\n<\/p>\n<p>\n\u201cWith the addition of DataFleets\u2019 technology and their deeply experienced team of industry experts, LiveRamp is now even better positioned to expand our capabilities across geographies and industries,\u201d said Warren Jenson, president and chief financial officer, LiveRamp. \u201cThis transaction will support the expansion of LiveRamp\u2019s offerings throughout Europe and in Asia-Pacific and the Latin American market in 2021, and help propel us into new addressable industries like healthcare and financial services, where the combination of DataFleets and LiveRamp together will power high-value use cases.\u201d\n<\/p>\n<p>\nDavid Gilmore, CEO of DataFleets, added, \u201cWe are incredibly excited to join the LiveRamp team and continue executing on our shared vision of helping enterprises unify data to unlock maximum value, all while upholding consumer privacy and control. The synergies are strong, and together we can help global enterprises remove barriers to data access and usage to power insights and innovation across their businesses.\u201d\n<\/p>\n<p>\nTo learn more about LiveRamp\u2019s acquisition of DataFleets, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fliveramp.com%2Fblog%2Fliveramp-acquisition-datafleets&amp;esheet=52375505&amp;newsitemid=20210208005758&amp;lan=en-US&amp;anchor=https%3A%2F%2Fliveramp.com%2Fblog%2Fliveramp-to-acquire-datafleets&amp;index=3&amp;md5=b9adfe6a9b0ca18ec6e530be771b40ec\">https:\/\/liveramp.com\/blog\/liveramp-to-acquire-datafleets<\/a>.\n<\/p>\n<p><b>Financial Impact and Closing<\/b><\/p>\n<p>\nThe transaction is expected to be completed in LiveRamp\u2019s fiscal fourth quarter. The transaction is not expected to have a material impact on LiveRamp\u2019s fiscal 2021 financial results.\n<\/p>\n<p>\nThe addition of DataFleets extends LiveRamp\u2019s lead in privacy-preserving identity and data collaboration, driving continued strong growth and value for LiveRamp shareholders.\n<\/p>\n<p><b>Third Quarter 2021 Earnings Results<\/b><\/p>\n<p>\nIn a separate press release issued today, the Company announced its earnings results for the third quarter of 2021. LiveRamp will host a conference call today at 1:30 pm P.T. to discuss the transaction, as well as its fiscal third quarter 2021 earnings results.\n<\/p>\n<p><b>About LiveRamp<\/b><\/p>\n<p>\nLiveRamp is the leading data connectivity platform for the safe and effective use of data. Powered by core identity resolution capabilities and an unparalleled network, LiveRamp enables companies and their partners to better connect, control, and activate data to transform customer experiences and generate more valuable business outcomes. LiveRamp\u2019s fully interoperable and neutral infrastructure delivers end-to-end addressability for the world\u2019s top brands, agencies, and publishers. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fliveramp.com%2F&amp;esheet=52375505&amp;newsitemid=20210208005758&amp;lan=en-US&amp;anchor=www.LiveRamp.com&amp;index=4&amp;md5=6f212cc0888d7b9f840b6712c106aeee\">www.LiveRamp.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210208005758r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210208005758\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210208005758\/en\/<\/a><\/span><\/p>\n<p>\nMichelle Millsap on behalf of LiveRamp<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:liveramp@havasformula.com\">liveramp@havasformula.com<br \/>\n<\/a><br \/>619-857-2384\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Marketing Data Management Advertising Communications Technology Software Other Communications<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210208005758\/en\/833665\/3\/LR-logo_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration Extends Data Protection Capabilities Provides Enterprises with Maximum Flexibility and Control Over Data \u2013 Wherever Data Lives Expands Safe Haven Market Opportunity SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;LiveRamp\u00ae (NYSE: RAMP), the leading data connectivity platform, today announced that it has entered into a definitive agreement to acquire DataFleets, a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp\u2019s data protection capabilities to unlock greater data access and control for its customers. In addition, the deal opens up new use cases as well as new markets for distributed data collaboration through LiveRamp Safe Haven. With the exponential growth of data, enterprises are constantly &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liveramp-to-acquire-datafleets-to-power-next-generation-distributed-data-collaboration\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-430934","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/liveramp-to-acquire-datafleets-to-power-next-generation-distributed-data-collaboration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LiveRamp to Acquire DataFleets to Power Next-Generation Distributed Data Collaboration Extends Data Protection Capabilities Provides Enterprises with Maximum Flexibility and Control Over Data \u2013 Wherever Data Lives Expands Safe Haven Market Opportunity SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;LiveRamp\u00ae (NYSE: RAMP), the leading data connectivity platform, today announced that it has entered into a definitive agreement to acquire DataFleets, a cloud data platform that enables data silos to be unified without moving data or compromising privacy. This acquisition expands LiveRamp\u2019s data protection capabilities to unlock greater data access and control for its customers. In addition, the deal opens up new use cases as well as new markets for distributed data collaboration through LiveRamp Safe Haven. 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This acquisition expands LiveRamp\u2019s data protection capabilities to unlock greater data access and control for its customers. In addition, the deal opens up new use cases as well as new markets for distributed data collaboration through LiveRamp Safe Haven. 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