Teradata Enters Big Data Analytics Market with Aster Acquistion
Updated · Mar 07, 2011
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.’”