Teradata Corporation signed an agreement to acquire Aster Data Systems, Inc., a leader of advanced analytics and management of diverse unstructured data. The combination of Teradata technology and Aster Data will allow companies to access a new intelligence hidden in the growing large volume of data. Teradata is taking Aster Data's business, including intellectual property
and technology product line, through a merger.
Teradata plans to support customers and Aster Data-integration of its employees will be implemented immediately upon completion of the acquisition, which is expected in the second quarter of 2011. Teradata
acquired a 11% stake in Aster Data in September 2010 and has agreed to pay an additional $ 263 million for the remaining shares, the net debt and other expenses. In addition, through this acquisition, Teradata get approximately $ 21 million in cash, Aster Data expected in closing balance sheet.
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