US-based Teradata has acquired StackIQ, a San Diego based six-year-old startup that specialises in open source cloud data centre provisioning. The deal will enable data warehousing 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 technology 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.For all the latest News, Follow us on Twitter and Facebook