April 25, 2013 - Actian Corp., a database vendor and big data management company, announced the acquisition of analytic database vendor ParAccel.
ParAccel’s massively parallel processing architecture will improve the scalability of Actian’s Vectorwise product, which is best-suited for data volumes within the range of 1 to 50 terabytes, according to comments from Actian CEO Steve Shine. Actian is positioning itself as a means to take action on big data and turn it into business value, according to the company website. The company’s big data product offerings include Vectorwise, RushAnalytics, DataCloud and Action Apps.
“Actian is building a modern, highly innovative end-to-end database, integration and analytics solution aimed squarely at solving today’s growing data challenges,” said Robin Bloor, chief analyst and co-founder, The Bloor Group, in a statement. “With the ability to capture, ingest, analyze and take action on data at scale, Actian is now very powerfully positioned in the big data and data analytics markets.”
The move came as a surprise to some in the industry, and industry analyst Mark Madsen commented on Twitter that “Paraccel being acquired by Actian is certainly a surprise. Actian's got some interesting technology now. Trick will be to integrate them.”
Actian recently completed its acquisition of Pervasive Corp., a company that in the last year has moved more of its integration, analytics and database management offerings in the cloud.
ParAccel’s customers, including Amazon, The Royal Bank of Scotland, OfficeMax and MicroStrategy, use analytics as a competitive differentiator. According to a statement from Chuck Berger, CEO of ParAccel, as a result of this acquisition, customers will “have immediate access to a broader portfolio of solutions to turn their data into value.”
Terms of the deal for the immediate acquisition of ParAccel were not disclosed.
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