Data analytics specialist Teradata has acquired Think Big Analytics, an IT consulting and solutions provider that focuses on Hadoop and big data solutions.
The acquisition comes on the heels of Teradata’s two recent acquisitions in just six weeks.
Think Big’s experienced big data professionals, including its management team, will remain in place, and join Teradata’s big data consulting practice in the Americas, the company said.
Think Big’s main offices will remain in Mountain View, California, and the company will market its services and solutions under the name of Think Big, a Teradata Company.
Commenting on the latest acquisition, Mike Koehler, president and chief executive officer, Teradata, said, “Think Big’s consulting expertise enhances Teradata’s capability to advise customers on the best way to leverage diverse, open source big data technologies to grow their business.”
SNS Research recently revealed big data investments will account for nearly $30 billion in 2014 alone. These investments are further expected to grow at a CAGR of 17 percent over the next 6 years.
Meanwhile IDC predicted big data market will grow at 27 percent CAGR through 2017 – or about six times the growth rate of the overall information and communication technology (ICT) market.
With cloud-based data storage on rise, a significant amount of data in datacenters will either get disposed of or archived to the cloud, which will result in lower revenue for traditional storage in the datacenters, IDC said.
Think Big has deep domain knowledge in a variety of Hadoop distributions such as Hortonworks, Cloudera, and MapR. In addition, Think Big provides a set of pre-built application components for Customer and Clickstream Analytics, Distributed Device Data Management and Analytics, and Risk and Trading Analytics, the company said.
Think Big consulting teams can manage the entire Hadoop and big data deployment process, which includes conducting assessments, building a strategic roadmap, designing an effective architecture, and implementing big data solutions. They also own a Think Big Academy that provides hands-on expert training to users.
Commenting on the new development, Ron Bodkin, founder and chief executive officer, Think Big, said, “Teradata and Think Big share an empowering vision to help customers leverage new, open source technologies to complement existing proven technologies, which drive analytic value from a rich diversity of data sets.”