HP To Acquire Vertica

HP has announced it has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company. Terms of the deal were not disclosed.

The acquisition of Vertica will enhance HP capabilities for information optimisation, adding sophisticated, real-time business analytics for large and complex sets of data in physical, virtual and cloud environments. Vertica’s platform helps customers analyse massive amounts of data simply, quickly and reliably, resulting in “just-in-time” business intelligence.

“In today’s highly competitive environment, customers need the ability to manage the increasing amounts of data and growing streams of information with more flexible, more dynamic architectures," said Shane Robison, Executive Vice President and Chief Strategy and Technology Officer, HP. “Vertica’s unique platform combines simplicity with industry-leading performance, allowing HP to leap ahead of the industry in the race to analyse massive amounts of data.”

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“By combining Vertica’s offerings with HP’s brand and global reach, customers will benefit from the commitment, expertise and resources from the largest technology company in the world,” said Christopher Lynch, President and Chief Executive Officer, Vertica. “Combined with HP, we will be able to better help customers develop flexible business performance solutions that improve decision making and streamline business processes.”