February 10, 2015
Hitachi Data Systems Corporation (HDS) today announced its intent to acquire Pentaho Corp., a big data integration and business analytics company with an open source-based platform for diverse big data deployments.
The acquisition is expected to be complete by June of this year, and is subject to customary closing conditions. Upon the close of the acquisition, Pentaho will become “Pentaho, a Hitachi Data Systems company” and will retain its brand. Pentaho will continue to execute its current business model under its CEO, Quentin Gallivan, who will report to Kevin Eggleston, HDS senior vice president, Social Innovation and Global Industries.
This acquisition helps to fulfill Hitachi’s strategy of delivering business innovations that integrate machine data, information technology, and analytics to distill value from big data and the Internet of Things, HDS said in a release.
“Acquiring Pentaho will have important ramifications for the big data industry,” said Marcel Escorcio, regional vice president and general manager, HDS Canada.
The Pentaho platform simplifies preparing and blending any data and includes tools that enable users to easily analyze, visualize, explore, report insights and predict outcomes.
“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.
Social Innovation is a corporate strategy across Hitachi businesses to deliver offerings that enable healthier, safer and smarter societies.
“As part of the Hitachi Social Innovation strategy, HDS is actively engaging in the practical use of connected machines and sensors and how IoT can improve business and society – or the Internet of Things that matter,” it said.
“Seamless integration of solutions for big data requires capabilities in several areas, including deep domain expertise, analytics technology, and an end-to-end platform. The fundamental promise of big data is to enable customers to capture, blend and analyze a broader array of data sources to derive new business insights.”