Database solutions provider Actian bought out ParAccel, a Big Data startup that sells high-performance analytics software. Terms of the deal were not disclosed, but the fact ParAccel raised $64 million in funding to date suggests that Actian shelled out a hefty sum for the Campbell, CA-based company.
ParAccel claims that it has over 60 customers, including The Royal Bank of Scotland, OfficeMax and MicroStrategy. Its flagship solution is also used to power Amazon Redshift, a petabyte-scale data warehousing service. The cloud provider is one of ParAccel’s main backers, along with Walden International, Silicon Valley Bank and Menlo Partners.
The acquisition is meant to bolster Actian’s analytics lineup, which includes solutions for running Big Data on commodity servers, a cloud-based data integration platform and a set of mobile 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. “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 ParAccel deal follows the equally significant the acquisition of Pervasive Software, a provider of on premise and cloud-based tools for developing data-driven applications. Actian announced that it has completed the buyout a few weeks ago, just over 7 months after the publicly-traded firm turned down its initial $139 million bid.
The Big Data space has seen a lot of M&A action lately. Last month Rackspace gobbled up Exceptional Cloud Services, a San Francisco-based developer of hosted Redis solutions. The company’s lineup consists of three products: an error tracking engine, an visualized monitoring platform, a management automation framework.