Teradata, a division of NCR Corporation, announced the acquisition of DecisionPoint Software (DPS), a global software company focused on providing an integrated data foundation for financial and performance management."Market need is driving this acquisition," said Bob Fair, chief marketing officer for Teradata. "Finance organizations are facing mounting pressure to provide faster, more flexible financial reporting, to actively manage performance and to meet compliance requirements. Our customers look to us to help them build an accurate, integrated data environment to meet their business performance needs - and to do so in a timely and cost effective manner. The DPS acquisition helps us do this."
Over the past two years, Teradata and DPS have partnered to optimize the sourcing process primarily from Oracle Financials. DPS tools capture and move continuously changing data from the financial source systems into a data warehouse, automatically reconfiguring the analytic environment as needed. "This acquisition extends our existing financial management solution by enhancing our ability to speed the implementation of financial warehouses, resulting in improved data quality and greater visibility into financial results at reduced cost," said Fair.
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