Says the acquisition will boost its IoT business
HDS said it intends to acquire Pentaho Corporation, a big data integration and business analytics company with an open source-based platform for diverse big data deployments.
The acquisition of Pentaho – the largest private big data acquisition transaction to date – is expected to be complete by June 2015, and is subject to customary closing conditions. Upon the close of the acquisition, Pentaho will become “Pentaho, a Hitachi Data Systems company” and will retain its brand. Pentaho will continue to execute its current business model under the leadership of Pentaho CEO, Quentin Gallivan, who will report to Kevin Eggleston, HDS senior vice president, Social Innovation and Global Industries.
This acquisition helps to fulfill Hitachi’s strategy of delivering business innovations that integrate machine data, information technology, and analytics to distill value from big data and the Internet of Things announced the press release. This acquisition is a transformational event for the big data industry, and will accelerate enterprise adoption of big data technologies and solutions through easier, faster deployment, leading to faster ROI.
“The combination of Hitachi’s broad industry expertise, advanced information technologies, and now Pentaho software and the talented team of experts, will enable us to give customers a more complete solution to manage their data – allowing them to leverage the power of big data and Internet of Things in a quicker and simpler way,” said Kevin Eggleston, senior vice president, Social Innovation and Global Industries, Hitachi Data Systems.
Quentin Gallivan, Chairman and CEO, Pentaho, said, “The broad resources, expertise and global presence of Hitachi Data Systems, as well as Hitachi, Ltd., help ensure a strong foundation for Pentaho to continue to accelerate our big data analytics and data orchestration capabilities, bring new innovations to market, and expand support for current and future customers.”