Teradata to Acquire Aster Data

Teradata will pay $263 million for privately held Aster Data, proving that it's no longer enough to store and access a lot of data quickly, one must also be able to analyze it quickly.

March 3 (Reuters) - Teradata Corp agreed to buy privately held analytics company Aster Data for $263 million as the enterprise data warehousing company looks to build scale to take advantage of the booming demand for data storage.

This would be the second private data analytics company Teradata bought in a little over 2 months -- it agreed to buy Aprimo for $525 million in cash in December.

Teradata, which has a market value of $8 billion, had acquired an 11 percent stake in San Carlos, California-based Aster Data Systems in September 2010.

Read more.

Also Aster Data Press Release

and As Teradata Plans to Buy Aster, What's Left?, by GigaOm's Stacey Higginbotham.

Data warehousing giant Teradata today agreed to acquire Aster Data, a data analytics provider, proving that it's no longer enough to be able to store and access a lot of data quickly, one must also be able to analyze it quickly. This move toward the real-time analysis of data has helped propel other big data acquisitions from EMC's purchase of Greenplum to IBM's $1.7 billion buy of data warehousing giant Netezza.