Acquisition bolsters Teradata's build and delivery capability of on-premises and hybrid cloud solutions for its enterprise customers
Teradata (NYSE: TDC), the leading data and analytics company, today announced the acquisition of StackIQ, developers of one of the industry's fastest bare metal software provisioning platforms which has managed the deployment of cloud and analytics software at millions of servers in data centers around the globe. The deal will leverage StackIQ's expertise in open source software and large cluster provisioning to simplify and automate the deployment of Teradata Everywhere. Offering customers the speed and flexibility to deploy Teradata solutions across hybrid cloud environments, allows them to innovate quickly and build new analytical applications for their business.
In addition to technology assets, the acquisition also includes StackIQ's talented team of engineers, who will join Teradata's R&D organization to help accelerate the company's ability to automate software deployment in operations, engineering and end-user customer ecosystems.
"Teradata prides itself on building and investing in solutions that make life easier for our customers," said Oliver Ratzesberger, Executive Vice President and Chief Product Officer for Teradata. "Only the best, most innovative and applicable technology is added to our ecosystem, and StackIQ delivers with products that excel in their field. Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally."
"Our incredibly high standards also apply to the people we hire," continued Ratzesberger. "As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. Once again, StackIQ has set the bar with stellar engineers who we are honored to now call Teradata employees."
Under terms of the deal, Teradata will now own StackIQ's unique IP that automates and accelerates software deployment across large clusters of servers (both physical and virtual/in the cloud). This increase in automation will occur across all Teradata Everywhere deployments, dramatically reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only "appliances" across hybrid cloud infrastructure. The speed of Teradata's new integrated solution also allows for rapid re-provisioning of internal test or benchmarking hardware, as well as swift redeployment between technologies to match a customer's changing workload requirements.
"Joining Teradata, the market leader in analytic data solutions, truly validates the importance of StackIQ's engineering and the talent we have cultivated over the years," said Tim McIntire, Co-Founder at StackIQ. "We are looking forward to bringing a bit of San Diego's start-up culture to Teradata, and working together to simplify Teradata's customer experience for system software deployment and upgrades."
The terms of the acquisition agreement were not disclosed.
Teradata helps companies achieve high-impact business outcomes. With a portfolio of business analytics solutions, architecture consulting, and industry leading big data and analytics technology, Teradata unleashes the potential of great companies.