Customers Can Analyze Massive Amounts of Big Data at Speed and Scale

HP today announced it has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company based in Billerica, Mass. Terms of the deal were not disclosed.

The acquisition of Vertica will enhance HP capabilities for information optimization, adding sophisticated, real-time business analytics for large and complex sets of data in physical, virtual and cloud environments. Vertica's platform helps clients analyze massive amounts of data simply, quickly and reliably, resulting in "just-in-time" business intelligence.

"In today's highly competitive environment, clients need the ability to manage the increasing amounts of data and growing streams of information with more flexible, more dynamic architectures," said Shane Robison, executive vice president and chief strategy and research officer, HP. "Vertica's in a class by itself 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's brand and global reach, clients will benefit from the commitment, expertise and resources from the largest innovation company in the world," said Christopher Lynch, president and chief executive officer, Vertica. "Combined with HP, we will be able to better help clients develop flexible business performance solutions that improve decision making and streamline business processes."