Teradata Combines Aster Data with its San Diego Labs in $263M Deal
Ohio-based Teradata (NYSE: TDC) says it’s buying Aster Data Systems of San Carlos, CA, in a $263 million deal that combines Aster Data’s breakthrough technology in a hot area of massively parallel processing architecture with its conventional relational database technology.
Aster Data will remain in Silicon Valley, and will be folded into Teradata Labs, the San Diego-based engineering development center with about 1,000 employees, said Wayne Boyle, a vice president of strategy and emerging technology at Teradata Labs.
“What we want to create is an environment where Teradata has the best in class in relational and non-relational data mining,” Boyle said. Teradata announced the acquisition less than three months after agreeing to pay $525 million to buy Indianapolis, IN-based Aprimo, another analytics specialist that provides integrated marketing management.
In its statement, Teradata says the combination will enable businesses to unlock vital intelligence hidden within the ever-growing volume of “big data,” a term that describes massive volumes of both structured data (best stored in relational databases) and unstructured data (stored in other types of databases). Sources of unstructured data include web applications, sensor networks, social networks, genomics, videos, and photographs.
Teradata, which acquired an 11 percent stake in venture-backed Aster Data less than six months ago, agreed to … Next Page »