Teradata plans to support Aster Data's customers and integrate its employees upon completion of the acquisition.
Intensifying its focus on big data
analytics, data-warehousing and integrated-marketing-management specialist Teredata
Corp. signed a definitive agreement to acquire Aster Data Systems, Inc., a
provider of advanced analytics and the management of a variety of diverse data
that is not structured.
The companies said the
combination would help enable businesses to unlock intelligence hidden within
the ever-growing volume of big data.
"We are bringing a new class
of data-driven applications that leverage the power of the patent-pending
SQL-MapReduce analytics and innovations related to non-relational data
processing delivered with flexible and easy-to-use tools," said Mayank
Bawa, chief customer officer and co-founder of Aster Data. "We are really
excited about the prospect for growth as we join forces with Teradata to bring
Aster Data's solutions to customers worldwide."
According to a recent
Gartner report, 2011 will be the year when data warehousing reaches what could
well be its most significant inflection point since its inception. Gartner's
report concluded that the data warehouse ideal is changing and will give way to
a new kind of warehouse that addresses more extreme types of information
assets. As a result, data warehouse database management system vendors must
begin to address numerous, new information asset formats, or be relegated to
supporting roles in the future.
"In fact, we believe
through 2015, organizations integrating high-value, diverse, new information
types and sources into a coherent information management infrastructure will
outperform their industry peers financially by more than 20 percent," the
Big data is generally
defined as being massive in volume, with a mix of structured and unstructured
data involving complex interrelationships that do not lend themselves to
analysis with today's traditional techniques, Teradata chief development
officer Scott Gnau explained. For these reasons, he said, capturing, storing,
managing and analyzing it is extremely difficult.
Some of the new sources of
diverse, non-relational data include Web applications, sensor networks, social
networks, genomics, video and photographs.
"We are excited about
the big-data analytics market opportunity that Aster Data brings to Teradata,"
said Mike Koehler, president and CEO of Teradata. "This, coupled with our
recent Integrated Marketing Management acquisition of Aprimo, and our increased
investments into our core data warehouse business, provide three best-in-class
platforms to fuel future growth for Teradata,"
Teradata is acquiring Aster
Data's business, including its intellectual property and technology product
line, through a merger transaction. Teradata plans to support Aster Data's
customers and integrate its employees immediately upon completion of the
acquisition, which is expected to occur in the second quarter of 2011.
acquired an 11 percent ownership interest in Aster Data in September 2010, and
has agreed to pay an additional $263 million for the remaining ownership
interest, net of debt and other expenses. In addition, through this
acquisition, Teradata will obtain approximately $21 million in cash, which
Aster Data is expected to have on its balance sheet at closing.
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.