Teradata to acquire Aster Data Systems
San Diego -- Teradata Corp. signed a definitive agreement to acquire Aster Data Systems, a market leader and pioneer in advanced analytics and the management of a variety of diverse data that is not structured.
“We are excited about the big data analytics market opportunity that Aster Data brings to Teradata. This, coupled with our recent Integrated Marketing Management acquisition with Aprimo, and our increased investments into our core data warehouse business -- provide three best-in-class platforms to fuel future growth for Teradata,” said Mike Koehler, president and CEO of Teradata Corp.
Teradata is acquiring Aster Data’s business, including its intellectual property and technology product line, through a merger transaction. Teradata plans to support Aster Data’s customers and integrate its employees immediately upon completion of the acquisition, which is expected to occur in second quarter 2011.