acquires open source bare metal installer StackIQ

The deal will enable Teradata to leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of Teradata services in the cloud

Must Read

GovTech leaders must bolster business continuity plans to swiftly navigate during any pandemic: VMware

To bolster the government organizations business continuity plans in the times of pandemic, Tech Observer in association with virtual infrastructure giant VMware organized a special webinar focused on public sector organizations

Facebook acquires GIF search engine GIPHY

Facebook is buying the popular GIF search engine Giphy, with plans to further integrate the GIF library into Instagram and other Facebook apps.

Explained: 5 biggest mistakes startups make in beginning that you must avoid

Reza Shojaei, the founder of a multinational company, Value Marketing, tells about the 5 biggest mistakes many startups make in the beginning, and how to avoid them.

US-based has acquired StackIQ, a San Diego based six-year-old startup that specialises in open source cloud data centre provisioning. The deal will enable firm to leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of Teradata services in the cloud.

According to Teradata, this will help it in offering solutions across hybrid cloud environments. Both the companies did not disclosed financial terms of the deal. But the acquisition has Ratzesberger, Executive Vice President and Chief Product Office fingerprints all over it. After he joined, Ohio-based firm is heading full-steam into the cloud.

In addition to assets, the acquisition also includes StackIQ’s team of engineers, who will join Teradata’s R&D organisation to help accelerate the company’s ability to automate software deployment in operations, engineering and end-user customer ecosystems.

“Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally,” said Ratzesberger in a statement.

“As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. Once again, StackIQ has set the bar with stellar engineers who we are honoured to now call Teradata employees,” added Ratzesberger.

Under terms of the deal, Teradata will now own StackIQ’sunique IP that automates and accelerates software deployment across large clusters of servers (both physical and virtual/in the cloud). This increase in automation will occur across all ‘Teradata Everywhere’ deployments, reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only “appliances” across hybrid cloud infrastructure.

StackIQ has raised over $12.8 million in venture capital, and its investors include OurCrowd, Keshif Ventures, Grayhawk Capital, DLA Piper, Avalon Ventures, and Anthem Venture Partners, reported Xconomy.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

- Advertisement -SAP Hana

Related Articles