Hitachi Data Systems Acquires Pentaho to Advance Big Data Analytics for Internet of Things (IoT)
Hitachi Data Systems Corporation (HDS) is acquiring Pentaho Corporation, a big data analytics and business intelligence company with an open source-based platform for big data deployments. Pentaho will retain its independent identity and continue to execute its current business model.
Pentaho has been heavily focused on big data to enable customers to capture, blend and analyze a broader array of data sources to derive new business insights. The platform is flexible and allows blending, orchestrating, and analyzing data from virtually any source, effectively reaching across system, application and organizational boundaries.
Pentaho can run on a variety of public or private cloud infrastructure, including Amazon Web Services and Rackspace and also leverage scale-out architecture to spread data integration and analytics workloads across many hyper-scale cloud servers. Pentaho can seamlessly integrate and analyze leading Big Data sources in the cloud, including Amazon Redshift and hosted Hadoop distributions.
In 2014, Pentaho was recognized as a prominent player in Gartner’s Magic Quadrant for BI & Analytics Platforms. Pentaho tries to differentiate by offering a single unified comprehensive platform with focus on simplifying, preparing and blending any data and providing a broad spectrum of self-service business analytics including dashboards, reports, data visualization, discovery and predictive analytics.
“Data remains an untapped resource for many organizations and businesses – with the realization 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.”
This acquisition will help Hitachi Data Systems augment analytics capabilities to its storage and virtualization solutions to help extract value from big data and the Internet of Things (IoT).
Hitachi refers to this acquisition as the largest private big data acquisition transaction to date and feels this is a transformational event for the big data industry which will accelerate enterprise adoption of big data technologies and solutions through easier, faster deployment, leading to faster ROI. Pentaho has received around $60M venture funding so far and can compare well with Splunk whose enterprise value today is at $6.36B. With IoT and Big Data taking front seat, we can expect to see more such deals in recent future.
Quentin Gallivan, chairman and chief executive officer, Pentaho said, “We are pleased to join the Hitachi Data Systems family and truly believe our complementary set of solutions will accelerate the adoption of big data deployments and Internet of Things applications.”
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