Hitachi Data Systems Corporation (HDS), a subsidiary of Hitachi, Ltd., has announced plans to acquire Pentaho Corporation, a big data integration and business analytics company with an open source-based platform for diverse big data deployments. According to Hitachi, the acquisition helps to fulfill its strategy of delivering business innovations that integrate machine data, information technology, and analytics to distill value from big data and the Internet of Things.
The acquisition of Pentaho is expected to be complete by June 2015, and is subject to customary closing conditions. Upon the close of the acquisition, Pentaho will become “Pentaho, a Hitachi Data Systems company” and will retain its brand. Pentaho will continue to execute its current business model under the leadership of Pentaho CEO, Quentin Gallivan, who will report to Kevin Eggleston, HDS senior vice president, Social Innovation and Global Industries.
Hitachis says that the Pentaho software and expertise will advance the current HDS portfolio of products and services, and help bring additional HDS big data solutions to market sooner. The Hitachi shared analytics platform will be a reference architecture that brings together and orchestrates different technologies from Hitachi, partners and the open source community. It will allow developers to add new capabilities on top of existing technologies for faster response to business needs.
“Data remains an untapped resource for many organizations and businesses – with the realization of the value of that data remaining a challenge,” said Kevin Eggleston, senior vice president, Social Innovation and Global Industries, Hitachi Data Systems. “The combination of Hitachi’s broad industry expertise, advanced information technologies, and now Pentaho software and the talented team of experts, will enable us to give customers a more complete solution to manage their data – allowing them to leverage the power of big data and Internet of Things in a quicker and simpler way.”
“We are pleased to join the Hitachi Data Systems family and truly believe our complementary set of solutions will accelerate the adoption of big data deployments and Internet of Things applications,” said Quentin Gallivan, chairman and chief executive officer, Pentaho. “The broad resources, expertise and global presence of Hitachi Data Systems, as well as Hitachi, Ltd., help ensure a strong foundation for Pentaho to continue to accelerate our big data analytics and data orchestration capabilities, bring new innovations to market, and expand support for current and future customers.”
Big Data, Analytics and the Internet of Things That Matter
The companies said the acquisition builds on an existing OEM relationship between them and is a core component of the HDS strategy to accelerate its Social Innovation business, the unifying strategy across Hitachi businesses to deliver solutions that enable healthier, safer and smarter societies, and become a leader in IoT.