HP to Acquire Analytics Platform Company Vertica
HP announced on February 14, 2011, that it has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company based in Billerica, MA. Terms of the deal were not disclosed.
The acquisition of Vertica is intended to enhance HP capabilities for information optimization, adding sophisticated, real-time business analytics for large and complex sets of data in physical, virtual and cloud environments. Vertica’s platform helps to analyze massive amounts of data simply, quickly and reliably, resulting in “just-in-time” business intelligence.
“In today’s highly competitive environment, customers need the ability to manage the increasing amounts of data and growing streams of information with more flexible, more dynamic architectures,” said Shane Robison, executive vice president and chief strategy and technology officer, HP. “Vertica’s unique platform combines simplicity with industry-leading performance, allowing HP to leap ahead of the industry in the race to analyze massive amounts of data.”
“By combining Vertica’s offerings with HP’s brand and global reach, customers will benefit from the commitment, expertise and resources from the largest technology company in the world,” said Christopher Lynch, president and chief executive officer, Vertica. “Combined with HP, we will be able to better help customers develop flexible business performance solutions that improve decision making and streamline business processes.”
HP expects the acquisition to close in the second quarter of its fiscal year 2011. After the acquisition closes, Vertica products will be available through HP sales and service channels.