BriefsAscential buys Torrent SystemsAscential™ Software Corporation (NASDAQ: ASCL), the leading provider of Information Asset Management (IAM) software, today announced that it has acquired privately held Torrent® Systems, Inc. of Cambridge, Mass., for $46 million (USD) in cash. Torrent is a technology leader in highly scalable parallel processing infrastructure software for the development and execution of data warehousing, business intelligence and analytical applications. Parallel processing dramatically improves the performance of software by simultaneously harnessing the power of hundreds or thousands of computer processors. Ascential will immediately incorporate most of Torrent's 60 employees into its operations and Torrent technology into the Ascential DataStage® product line. In further news, Robert L. Utzschneider, founder of Torrent Systems Inc., has joined the company as executive director of platform business development. In this role, Mr. Utzschneider is responsible for establishing Ascential's highly scalable data integration solution as an industry-standard platform for Original Equipment Manufacturers (OEMs), including Independent Software Vendors (ISVs) and the company's service and integration partners. See www.ascential-software.com |
Copyright © 2001 KDnuggets. Subscribe to KDnuggets News!