Teradata Enters Big Data Analytics Market with Aster Acquistion
Teradata Corporation (NYSE: TDC) has signed a definitive agreement to acquire Aster Data Systems, Inc., according to a press release presented on PR Newswire. Teradata claims 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. Big data is generally defined as being massive in volume with a mix of structured and unstructured data involving complex interrelationships that do not lend themselves to analysis with today’s traditional techniques.
“’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. ‘We are really excited about the prospect for growth as we join forces with Teradata to bring Aster Data’s solutions to customers worldwide.’”
Read the Full Story at PR Newswire
