In addition to technology assets, the acquisition also includes StackIQ's talented team of engineers, who will join Teradata's R&D organisation to help accelerate the company's ability to automate software deployment in operations, engineering and end-user customer ecosystems.
"Teradata prides itself on building and investing in solutions that make life easier for our customers", stated Oliver Ratzesberger, Executive Vice President and Chief Product Officer for Teradata. "Only the best, most innovative and applicable technology is added to our ecosystem, and StackIQ delivers with products that excel in their field. Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally."
"Our incredibly high standards also apply to the people we hire", continued Oliver Ratzesberger. "As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. Once again, StackIQ has set the bar with stellar engineers who we are honored to now call Teradata employees."
Under terms of the deal, Teradata will now own StackIQ's unique IP that automates and accelerates software deployment across large clusters of servers - both physical and virtual/in the Cloud. This increase in automation will occur across all Teradata Everywhere deployments, dramatically reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only "appliances" across hybrid Cloud infrastructure. The speed of Teradata's new integrated solution also allows for rapid re-provisioning of internal test or benchmarking hardware, as well as swift redeployment between technologies to match a customer's changing workload requirements.
"Joining Teradata, the market leader in analytic data solutions, truly validates the importance of StackIQ's engineering and the talent we have cultivated over the years", stated Tim McIntire, Co-Founder at StackIQ. "We are looking forward to bringing a bit of San Diego's start-up culture to Teradata, and working together to simplify Teradata's customer experience for system software deployment and upgrades."
The terms of the acquisition agreement were not disclosed.