Ohio-based Teradata (NYSE: [[ticker: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
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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