HP Acquires Vertica for Analytics

Hewlett-Packard has signed a definitive agreement to acquire Vertica, a privately held, real-time analytics platform company. Terms of the deal were not disclosed.

According to HP, Vertica will enhance its capabilities for information optimization by providing what the company calls “sophisticated, real-time” business analytics for large and complex sets of data in physical, virtual and cloud environments.

Vertica’s analytics platform is designed to help enterprise customers analyze massive amounts of data simply, quickly and reliably, resulting in actionable, “just-in-time” business intelligence. Vertica says one key advantage of its platform is that it was built from the ground up for this type of advanced BI functionality, rather than being an older platform retrofitted with modern capabilities.

Vertica promotes other advantages of its platform, including continuous loading and querying of information, advanced data compression, native integrations and certifications with a wide variety of APIs and toolsets for easier integration, and columnar storage and execution for queries it says can be done 50 to 1,000 faster than legacy data analytics tools.

HP expects the acquisition to close in the second quarter of its fiscal year 2011. After the acquisition closes, Vertica products will be available through HP sales and service channels.