Teradata to acquire analytics firm Aster Data

SAN DIEGO, USA: Storage company Teradata Corporation had announced that it will acquire the remaining 89 percent shares of Aster Data Systems, an analytics company.

Teradata already owns 11 percent shares of Aster Data as per a deal in September 2010, and has agreed to pay an additional $263 million for the remaining. Through this acquisition, Teradata will obtain approximately $21 million of cash, which Aster Data is expected to have on its balance sheet at closing.

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The combination of Teradata and Aster Data technologies will enable businesses to unlock the new intelligence hidden within the ever-growing volume of big data.

"Aster Data coupled with our recent Integrated Marketing Management acquisition with Aprimo, and our increased investments into our core data warehouse business - provide three best-in-class platforms to fuel future growth for Teradata," said Mike Koehler, president and chief executive officer, Teradata Corporation.

"We are bringing a new class of data-driven applications that leverage the power of the patent-pending SQL-MapReduce analytics and innovations related to non-relational data processing delivered with flexible and easy to use tools," said Mayank Bawa, chief customer officer and co-founder, Aster Data.

Teradata is acquiring Aster Data's business, including its intellectual property and technology product line, through a merger transaction. Teradata plans to support Aster Data's customers and integrate its employees immediately upon completion of the acquisition, which is expected to occur in the second quarter of 2011.