HP to Acquire Vertica: Customers Can Analyze Massive Amounts of Big Data at Speed and Scale
Combination enhances HP capabilities for information
optimization
PALO ALTO, Calif., Feb. 14, 2011 -
a definitive agreement to acquire Vertica
analytics platform company based in Billerica,
were not disclosed.
The acquisition of Vertica will enhance
optimization, adding sophisticated, real
and complex sets of data in physical, virtual and cloud environments.
Vertica's platform helps customers analyze massive amounts of data
simply, quickly and reliably, resulting in
intelligence.
"In today's highly competitive environment, c
manage the increasing amounts of data and growing streams of
information with more flexible, more dynamic archit
Robison, executive vice president and
officer, HP. "Vertica'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."
"By combining Vertica's offerings with HP
customers will benefit from the commitment,
the largest technology company in the world
president and chief executive officer, Vertica
will be able to better help customers develop flexible business
performance solutions that improve decision mak
business processes."
HP expects the acquisition to close in
2011. After the acquisition closes, Vertica
through HP sales and service channels
Vertica: Customers Can
Big Data
HP today announced it has signed
Vertica, a privately held, real-time
Mass. Terms of the deal
HP capabilities for information
, real-time business analytics for large
s kly "just-in-time" business
s customers need the ability to
architectures," said Shane
resident chief strategy and technology
industryallowing
s HP's brand and global reach,
expertise and resources from
world," said Christopher Lynch,
Vertica. "Combined with HP, we
making and streamline
e the second quarter of its fiscal year
products will be available
channels.
About Vertica
Vertica is the leading provider of next
enabling companies to monetize their data at the speed and scale
necessary to deliver significant value to customers and shareholders.
Vertica's scalability and flexibility are unmatched in th
is used by more than 300 customers across a variety of industries
worldwide, including Groupon, Twitter, Verizon, AOL, Guess!, Zynga,
Playdom, Bank of America, BlueCross BlueShield, AdMeld, Sunoco,
Mozilla and Comcast. Vertica's North A
in Billerica, Mass.
About HP
HP creates new possibilities for technology to have a meaningful impact
on people, businesses, governments and society. The world
technology company, HP brings together a portfolio that
personal computing, software, services and IT infrastructure to solve
customer problems. More information about HP (NYSE: HPQ) is available
at www.hp.com.
HP Media Hotline
+1 866 266 7272
www.hp.com/go/newsroom
