DAYTON, Ohio — Teradata here, a provider of data warehousing systems, signed a definitive agreement to acquire Aster Data Systems, San Diego, a supplier of advanced analytics technology.
Aster Data Systems specializes in the management of a variety of diverse data that is not structured. Some of the new sources of diverse, non-relational data include: web applications, sensor networks, social networks, genomics, video and photographs.
"We are excited about the big data analytics market opportunity that Aster Data brings to Teradata.This, coupled with our recent Integrated Marketing Management acquisition with Aprimo, and our increased investments into our core data warehouse business — provide three best-in-class platforms to fuel future growth for Teradata," said Mike Koehler, president and chief executive officer of Teradata Corporation.
Teradata acquired an 11 percent ownership interest in Aster Data in September 2010, and has agreed to pay an additional $263 million for the remaining ownership interest, net of debt and other expenses. In addition, through this acquisition, Teradata will obtain approximately $21 million of cash which Aster Data is expected to have on its balance sheet at closing.