Actian Corp. reported the completion of purchase of Versant Corp. (VSNT: Quote). Actian noted that the combination of Versant’s expertise in enterprise big data solutions further strengthens its big data analytics offerings and extends its capabilities further into this burgeoning market.
According to Gartner, big data would drive $232 billion in IT spending through 2016. A real-time information management software provider, Versant has over 150,000 installations, and has been a highly reliable partner for over 15 years for Global 2000 companies such as Ericsson, Verizon, Siemens, and the Financial Times as well as the US Government.
In the Versant press release issued upon the signing of the definitive deal, Versant’s president and chief executive of stated, “The combination of Actian and Versant provides numerous synergies for data management. We are excited to join Actian in developing technology to meet the demands of the ever-growing and complex business intelligence and analytics market.”
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by RTT Staff Writer
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