Hitachi Data Systems has announced its intention to acquire Big Data analytics firm Pentaho Corporation.
The Orlando, Florida-based company was founded in 2004 and has a suite of open source BI solutions under its belt.
HDS claims that the acquisition would represent the largest private big data transaction to date and expects the deal to be completed by June 2015. Should everything go ahead, Pentaho will take on the much catchier title – ‘Pentaho, a Hitachi Data Systems company’- and will remain under the leadership of Pentaho CEO, Quentin Gallivan.
“Data remains an untapped resource for many organisations and businesses – with the realisation of the value of that data remaining a challenge,” said Kevin Eggleston, senior vice president, Social Innovation and Global Industries, Hitachi Data Systems. “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.”
The acquisition ties into HDS’ larger Social Innovation strategy, which has a strong focus on using technology for betterment of society. At the heart of this strategy is the Internet of Things, of which Big Data analytics forms a fundamental cornerstone. HDS believes that the acquisition will allow it to capitalise on the IoT revolution, if and when it comes.
“Seamless integration of solutions for big data requires capabilities in several areas, including deep domain expertise, analytics technology, and an end-to-end platform,” HDS said in a statement. “Hitachi is entirely unique in its ability to deliver on all of these elements.”