HP today announced it has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company based in Billerica, Mass. Terms of the deal were not disclosed.
The acquisition of Vertica will enhance HP capabilities for information optimization, adding sophisticated, real-time business analytics for large and complex sets of data in physical, virtual and cloud environments. Verticaâ€™s platform helps customers analyze massive amounts of data simply, quickly and reliably, resulting in â€œjust-in-timeâ€ business intelligence.
â€œIn todayâ€™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,â€ saidÂ Shane Robison, executive vice president and chief strategy and technology officer, HP. â€œVerticaâ€™s unique platform combines simplicity with industry-leading performance, allowing HP to leap ahead of the industry in the race to analyze massive amounts of data.â€
â€œBy combining Verticaâ€™s offerings with HPâ€™s brand and global reach, customers will benefit from the commitment, expertise and resources from the largest technology company in the world,â€ said Christopher Lynch, president and chief executive officer, Vertica. â€œCombined with HP, we will be able to better help customers develop flexible business performance solutions that improve decision making and streamline business processes.â€
HP expects the acquisition to close in the second quarter of its fiscal year 2011. After the acquisition closes, Vertica products will be available through HP sales and service channels.