June 07–Puppet, one of Portland’s biggest tech companies, is buying one of the city’s smallest.
Puppet is acquiring Reflect, a startup whose technology converts business data into intuitive charts and graphs. Puppet, whose technology automates management of large computing system, said the deal will help its clients make better use of their online tools.
Founded three years ago, Reflect raised $2.5 million in 2016 from prominent backers including Silicon Valley venture firm Draper Fisher Jurvetson, startup incubator Techstars, Stanford University and Alex Payne, who was an early engineer at Twitter and Portland online banker Simple. Former NFL star Joe Montana’s venture firm also participated.
Puppet employs about 600, most of them at its downtown Portland headquarters. Reflect lists a dozen employees on its website and said its staff will all join Puppet in its downtown offices.
The companies didn’t report terms of the deal.
This is Puppet’s second recent acquisition. In September, it bought a Seattle startup called Distelli, which made containers, a term for technology that isolates software running inside data centers.
Companies in Portland’s close-knit tech scene frequently come together and share overlapping lineages.
Reflect’s founders, for example were alumni of cloud computing management company Cloudability. And in 2016, Cloudability bought a Portland startup called RipFog started by former Jive Software chief executive Dave Hersh. Hersh, in turn, serves on Reflect’s board.
And Luke Kanies, Puppet’s founder and former CEO, served as an adviser to Reflect.
“There’s a ton of alignment culturally between the organizations,” said Alex Bilmes, Reflect’s co-founder and CEO.
This article provided by NewsEdge.