Teradata (TDC) Acquires Aster Data Systems

Teradata (NYSE:TDC) announced it'll be acquiring the rest of Aster Data Systems they don't own, for $263 million. Teradata had owned 11 percent of the company.

The deal values Aster, whose algorithmic technology helps customers to cost effectively process massive amounts of unstructured data, at $295 million.

Management said in a press release that it expects the merger to close in the second quarter. Financing wasn't disclosed, but with $883 million in cash on Teradata's balance sheet, I suspect a cash deal is in order.

Either way, Teradata is picking up a key asset in Aster. The company's nCluster technology borrows from the open-source MapReduce clustering process that helped birth Google (Nasdaq:GOOG) and combines it with algorithms for processing structured (i.e., numbers) and unstructured (i.e., web logs, sensor data, etc.) information in a traditional database management system.




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