Going Big – Teradata to Acquire Aster Data

We are very excited to share with you that today we announced our company, Aster Data, is being acquired by Teradata, who as you all know commands the #1 position in data warehousing. Together, we will tackle the massive opportunity in the big data and big data analytics market. Upon close, Aster Data will become part of the Teradata organization and our products will become part of the Teradata family of products, sold stand-alone, and integrated into their product line.

The combined goal is big, as said on Teradata’s web site home page:

Today marks a major milestone in our continuing journey, and we are thrilled to join forces with the market leader in data management. Our company has achieved a lot since our inception just 5 years ago, and we look forward to accelerating our innovation and market reach even further – with the market strength of Teradata and the speed of our combined cultures. In 5 years, we’ve played a big role in shaping the Big Data Analytics Platform market and innovated on new technologies that enable customers to store diverse, granular data and process it in diverse ways. The big data opportunity as we see it is more about extracting insights from your diverse data than just finding cost-effective ways to store it. Processing and extracting deep insights from diverse and big data is where we’ve innovated and broken new ground, and with this merger we will accelerate it further.

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