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Need For 'Big Data' Analytics Drives Vendors' Acquisitions

Friday, March 4, 2011

Acquisitions such as Teradata's planned purchase of Aster Data Systems announced Thursday are driven by the growing demand for technologies that can help enterprises mine massive volumes of unstructured data, analysts said.

Teradata, which already has an 11% stake in Aster Data, said it would pay $263 million to buy the remaining 89% of the data warehousing startup. The deal is expected to close sometime in the second quarter.

The acquisition will give Teradata new, massively parallel, in-database analytics and graph-analysis tools for addressing emerging data mining and business intelligence applications for what's known as "big data."

Article sourced from www.computerworld.com, click here to read full story.

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