HP announced it has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company based in Billerica, Mass.
According to HP, the acquisition will enhance its 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 aims to help customers analyze massive amounts of data quickly, resulting in "just-in-time" business intelligence.
Founded in 2005, Vertica is used by more than 300 customers across a variety of industries worldwide, including Groupon, Twitter, Verizon, AOL, Guess!, Zynga, Playdom, Bank of America, BlueCross BlueShield, AdMeld, Sunoco, Mozilla and Comcast.
"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, in a statement accompanying the announcement. "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."
HP expects the acquisition to close in the second quarter of its fiscal year 2011. Terms of the deal were not disclosed. After the acquisition closes, Vertica products will be available through HP sales and service channels.
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