In a move to gain market share in the emerging data integration market, Ascential Software Inc. is acquiring Torrent Systems Inc. for $46 million in cash. “Torrent’s parallel processing technology is a complement to the feature set within our data integration solution, DataStage,” says Ascential Software Chief Executive Officer Peter Gyenes. By acquiring Torrent, Ascential says it gains patented parallel processing infrastructure technology and accelerated time to market for complex, data-intensive applications.
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