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Databricks Agrees to Acquire Tabular, the Company Founded by the Original Creators of Apache Iceberg

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Databricks and Tabular will work together towards a joint vision of the open lakehouse

SAN FRANCISCO, June 4, 2024 /PRNewswire/ — Databricks, the Data and AI company, today announced it has agreed to acquire Tabular, a data management company founded by Ryan Blue, Daniel Weeks, and Jason Reid. By bringing together the original creators of Apache Iceberg™ and Linux Foundation Delta Lake, the two leading open source lakehouse formats, Databricks will lead the way with data compatibility so that organizations are no longer limited by which of these formats their data is in. Databricks intends to work closely with the Delta Lake and Iceberg communities to bring format compatibility to the lakehouse; in the short term, inside Delta Lake UniForm and in the long term, by evolving toward a single, open, and common standard of interoperability. Databricks and Tabular will work together towards a joint vision of the open lakehouse.

The Rise of Lakehouse Architecture and Format Incompatibility

Databricks pioneered the lakehouse architecture in 2020 to enable the integration of traditional data warehousing workloads with AI workloads on a single, governed copy of data. For this to work, all data has to be in an open format so different workloads, applications, and engines could access the same data. Lakehouse architecture maximizes enterprise productivity by democratizing access to data. This is in contrast to proprietary data warehouses where only a proprietary SQL engine can read, write or share the data, and data often has to be copied and exported to be used by other applications, creating a high degree of vendor lock-in. Four years later, 74% of enterprises have deployed a lakehouse architecture.

The foundation of the lakehouse is open source data formats that enable ACID transactions on data stored in object storage. These formats dramatically improve the reliability and performance of data operations on the data lake and were specifically designed for open source engines such as Apache Spark™, Trino and Presto. To address these challenges, Databricks worked with the Linux Foundation to create the Delta Lake project. Since its inception, Delta Lake has over 500 code contributors from a diverse set of organizations, and over 10,000 companies globally use Delta Lake to process 4+ exabytes of data on average each day.

Around the same time Delta Lake was created, Ryan Blue and Daniel Weeks developed the Iceberg project at Netflix and donated it to the Apache Software Foundation. Since then, Delta Lake and Iceberg have emerged as the two leading open source standards for lakehouse formats. Even though both of these formats are based on Apache Parquet and share similar goals and designs, they became incompatible due to independent development.

Over time a number of other open source and proprietary engines have adopted these formats. However, they usually adopted only one of the standards and more often than not, only part of that standard, leading to fragmented and siloed enterprise data, undermining the value of the lakehouse architecture.

The Road to Interoperability

Companies need data interoperability to realize the benefits of the lakehouse, and Databricks will work closely with the Delta Lake and Iceberg communities to bring interoperability to the formats over time. This is a long journey, one that will likely take several years to achieve in those communities. That is why last year, Databricks introduced Delta Lake UniForm. UniForm tables provide interoperability across Delta Lake, Iceberg, and Hudi, and support the Iceberg restful catalog interface so companies can use the analytics engines and tools they are already familiar with, across all their data. Generally available today, UniForm allows companies to achieve compatibility. With the addition of the original Iceberg team, Databricks will greatly broaden the ambitions of Delta Lake UniForm.

“Databricks pioneered the lakehouse and over the past four years, the world has embraced the lakehouse architecture, combining the best of data warehouses and data lakes to help customers decrease TCO, embrace openness, and deliver on AI projects faster. Unfortunately, the lakehouse paradigm has been split between the two most popular formats: Delta Lake and Iceberg. Databricks and Tabular will work with the open-source community to bring the two formats closer to each other over time, increasing openness, and reducing silos and friction for customers,” said Ali Ghodsi, Co-founder and CEO at Databricks. “Last year, we announced Delta Lake UniForm to bring interoperability to these two formats, and we’re thrilled to bring together the foremost leaders in open data lakehouse formats to make UniForm the best way to unify your data for every workload.”

A Shared Commitment to Openness

Databricks and Tabular share a history of championing open source formats. Both companies were founded to commercialize open source technologies created by the founders and today, Databricks is the largest and most successful independent open source company by revenue and has donated 12 million lines of code to open source projects. This acquisition highlights Databricks’ commitment to open formats and open source data in the cloud, helping ensure that companies are in control of their data and free from the lock-in created by proprietary vendor-owned formats.

“We created Apache Iceberg to solve critical data challenges around correctness, performance, and scalability. It’s been amazing to see both Iceberg and Delta Lake grow massively in popularity, largely fueled by the open lakehouse becoming the industry standard. With Tabular joining Databricks, we intend to build the best data management platform based on open lakehouse formats so that companies don’t have to worry about picking the ‘right’ format or getting locked into proprietary data formats,” said Ryan Blue, Co-Founder and CEO at Tabular.

To learn more about Databricks and Tabular joining forces, register to attend the Data + AI Summit, June 10-13: databricks.com/dataaisummit

Details Regarding the Proposed Acquisition

The proposed acquisition is subject to customary closing conditions, and is expected to close in Databricks’ second fiscal quarter. 

About Tabular

Tabular is the independent data platform built by the original creators of Apache Iceberg. Tabular addresses the pain data engineers and data scientists endure fighting the shortcomings of their data infrastructure. Tabular was founded by Netflix alumni Ryan Blue, Dan Weeks and Jason Reid. Blue also serves as the Iceberg PMC Chair and Weeks is an Iceberg PMC member.

About Databricks

Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook.

Contact: Press@databricks.com

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View original content:https://www.prnewswire.co.uk/news-releases/databricks-agrees-to-acquire-tabular-the-company-founded-by-the-original-creators-of-apache-iceberg-302163583.html

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SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

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Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications  and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

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LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

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LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

View original content to download multimedia:https://www.prweb.com/releases/lavivid-hair-introduces-sports-hair-systems-collection-for-men-with-active-lifestyles-302797971.html

SOURCE LaVivid Hair

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Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

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MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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