HP To Buy Cloud Computing Start-up Vertica

Hewlett-Packard Co. announced today that it has agreed to buy privately held, real-time analytics platform company Vertica Inc. The financial terms of the deal were not disclosed. Vertica’s technology helps customers monetize their data at the speed and scale necessary to deliver significant value to customers and shareholders. Vertica’s customers include Internet companies such as Groupon, Twitter and Zynga, Bank of America, AOL, Verizon and Comcast. The acquisition of Vertica will enhance Palo Alto-based HP’s 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 unique platform combines simplicity with industry-leading performance, allowing HP to leap ahead of the industry in the race to analyze massive amounts of data,” Shane Robison, HP’s executive vice president and chief strategy and technology officer, said in the news release.

HP said it expects the acquisition to close in the second quarter of its fiscal year 2011. Once the deal is done, Vertica products will be available through HP sales and service channels.

Click here to read the full press release

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