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TimeXtender announces acquisition of BI Builders

Bilde av Jarle Soland
by Jarle Soland

13. Apr 2023, 3 minutes reading time

TimeXtender announces acquisition of BI Builders

Providing new opportunities for BI Builders customers

BI Builders will be joining TimeXtender, allowing the new collaboration to support customers and users with a more comprehensive data automation solution, while also strengthening its position as a global market leader within the data management and data warehouse automation market.  

“We are very excited to announce the acquisition of BI Builders and welcome the team to TimeXtender,” said Heine Krog Iversen, CEO and Founder of TimeXtender. “Bringing two of Europe’s leading data automation vendors together creates scale for further innovation. With an ever-increasing speed in technological advancements, size matters to stay relevant and trustworthy for our partners and customers. The two products have different strengths and bringing them together into one cohesive platform will benefit our shared customers through expansion within data quality, master data management, data catalog, and observability over the coming years. This is a first fantastic step in creating a global market leader in a very fragmented market, and possible with the great backing of Monterro.” 

“From the first discussions between TimeXtender and BI Builders about company culture and leadership, plus our due diligence assessing purpose, direction, alignment, and commitment, it was clear that there were a lot of similarities and synergies in the way we think and act to achieve great results as a cohesive group,” said Anne Krog Iversen, TimeXtender Co-Founder and Chief DNA & Culture Officer. “Furthermore, we found a fundamental shared take and understanding of the importance of open, honest, and transparent communication to build trust and enhance creativity.” 

The team at BI Builders is excited and proud to join TimeXtender. The idea of joining two key players in the data warehouse automation space makes it possible to scale at a much higher speed. Bringing the best from both technologies provides our customers with best-of-class software. This is a win-win for customers, partners, TimeXtender and BI Builders. 

With the acquisition, TimeXtender will absorb the team from BI Builders, integrating its employees into the current company structure. Over time, BI Builders’ clients will be added to TimeXtender’s client and partner base, expanding the company’s long-term growth strategy and impact within the data management industry. 

TimeXtender’s data automation software will integrate features and options from Xpert BI to offer users more comprehensive data management solutions. Initially, it will be Xpert BI by TimeXtender to ensure continuity for current customers.  

In this process we ensure software continuity for all existing customers with extended solution offerings. 
The BI Builders legal entity will remain. 

If you have any questions, please reach out to me or your contact at BI Builders. 

Learn more about the acquisition here

Sincerely, 
Jarle Soland 

Jarle Soland

Jarle Soland

Chief Executive Officer

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