EMC today announced it has signed a definitive agreement to acquire California-based Greenplum, a privately-held, fast-growing provider of disruptive data warehousing technology, a key enabler of “big data” clouds and self-service analytics.
Upon completion of the acquisition, Greenplum will form the foundation of a new data computing product division within EMC’s Information Infrastructure business.
Greenplum utilizes a “shared-nothing” massively parallel processing (MPP) architecture that has been designed from the ground up for analytical processing using virtualized x86 infrastructure. Greenplum is capable of delivering 10 to 100 times the performance of traditional database software at a dramatically lower cost. Data-driven businesses around the world, including NASDAQ OMX, NYSE Euronext, Skype, Equifax, T-Mobile and Fox Interactive Media have adopted Greenplum for sophisticated, high-performance data analytics.
The acquisition of Greenplum will be an all-cash transaction and is expected to be completed in the third quarter of 2010, subject to customary closing conditions and regulatory approvals.
The acquisition is not expected to have a material impact to EMC GAAP and non-GAAP EPS for the full 2010 fiscal year.
Upon close, Bill Cook will lead the new data computing product division and report to Pat Gelsinger. EMC will continue to offer Greenplum’s full product portfolio to customers and plans to deliver new EMC Proven reference architectures as well as an integrated hardware and software offering designed to improve performance and drive down implementation costs.
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