HP To Acquire Analytics Specialist Vertica

By Ramy Ghaly 

The buyout will help HP counter IBM's recent acquisition of Netezza as analytics sector heats up.

Hewlett-Packard said Monday it agreed to acquire Vertica, a privately-held developer of software that lets businesses analyze and interpret information stored in enterprise databases. The move should help HP keep pace with rival IBM, which recently bolstered its analytics portfolio with the buyout of Netezza. 

HP officials said the deal will help enterprise customers cope with vastly increasing amounts of information coming into their organizations—through the Web, mobile phones, smart devices, and other sources.

IBM enhanced its analytics portfolio late last year with the $1.7 billion acquisition of Netezza, which bundles analytics software with specialized hardware.

HP said it expects the deal to close in the second quarter.

Read More "Information Week" Via ctrl-News