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April 26, 2013 12:30 am GMT
Actian is on a buying spree. The big data management company announced today the acquisition of ParAccel, the data analytics company that has $64 million in funding from Amazon and other investors. Earlier this month, Actian acquired Pervasive Software, a data integration company based in Austin. Actian provides data integration and a a data analytics database called Vectorwise with a particular emphasis on Hadoop. Its Hadoop connectors hook into Hadoop, pull out relevant data in real time and integrate it accordingly. ParAccel also has a data analytics database. ParAccel has made a mark with its analytics database. It is used by Amazon Redshift, the service that acts as a data warehouse in the cloud. ParAccel, as of December, has more than 60 customers. Actian CTO Mike Hoskins said the company is profitable, giving it an opportunity to build a big data portfolio. “When you look at our combined capabilities, including Versant, Pervasive and now ParAccel, we have global reach in many fast-growing markets and annualized revenues north of $150 million,” said Hoskins in an email interview. Hoskins had before served as CTO at Pervasive. The Internet of Things, with its volumes of data, both traditional and machine-generated, are growing exponentially, Hoskins said. Companies that can gain insights with data, across multiple sources, have a significant advantage. With the combined companies, Actian can scale a company’s data across commodity hardware, capturing data from different directions and running analytics on that data. Actian’s acquisitions show how data integration and analytics represent a potent combination. The question is can Actianactually integrate the technologies to become a top data analytics vendor.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jM-Dkq1zoXg/
Actian Buys Amazon-Funded ParAccel As April Buying Spree Continues
Actian is on a buying spree. The big data management company announced today the acquisition of ParAccel, the data analytics company that has $64 million in funding from Amazon and other investors. Earlier this month, Actian acquired Pervasive Software, a data integration company based in Austin. Actian provides data integration and a a data analytics database called Vectorwise with a particular emphasis on Hadoop. Its Hadoop connectors hook into Hadoop, pull out relevant data in real time and integrate it accordingly. ParAccel also has a data analytics database. ParAccel has made a mark with its analytics database. It is used by Amazon Redshift, the service that acts as a data warehouse in the cloud. ParAccel, as of December, has more than 60 customers. Actian CTO Mike Hoskins said the company is profitable, giving it an opportunity to build a big data portfolio. “When you look at our combined capabilities, including Versant, Pervasive and now ParAccel, we have global reach in many fast-growing markets and annualized revenues north of $150 million,” said Hoskins in an email interview. Hoskins had before served as CTO at Pervasive. The Internet of Things, with its volumes of data, both traditional and machine-generated, are growing exponentially, Hoskins said. Companies that can gain insights with data, across multiple sources, have a significant advantage. With the combined companies, Actian can scale a company’s data across commodity hardware, capturing data from different directions and running analytics on that data. Actian’s acquisitions show how data integration and analytics represent a potent combination. The question is can Actianactually integrate the technologies to become a top data analytics vendor.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/jM-Dkq1zoXg/
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