Teradata Buys Xkoto
[Updated 1:00 p.m. May 26, 2010] Waltham, MA-based Xkoto, which makes database virtualization software for businesses, has been acquired by Teradata (NYSE: TDC), the Dayton, OH-based data warehousing and business intelligence giant, PE Hub first reported this morning. In an e-mail to Xconomy, Teradata public relations director Dan Conway confirmed the acquisition, and said the companies have no plans to disclose the financial terms of the deal. We first covered Xkoto back in 2007, when Boston-based GrandBanks Capital arranged to transplant the company’s headquarters from Toronto to Boston. Xkoto raised a $7.5 million Series B round in 2007 and a $3 million Series C round in 2009 from GrandBanks and GrowthWorks Canadian Fund.
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