itb-au logo
Story image

HPE makes acquisition to expand big data market presence

29 Nov 2018

Hewlett Packard Enterprise (HPE), has forged a definitive agreement to purchase BlueData, a provider of software for enterprises deploying artificial intelligence and big data analytics, expanding HPE’s offerings in these markets.

The acquisition is expected to close within HPE’s first fiscal quarter, ending January 31, 2019.

By 2022, the total addressable market for artificial intelligence/machine learning (AI/ML) and big data is expected to grow to approximately $160 billion.

However, not all organisations will have the AI and data literacy skills needed to extract business value and actionable insights from their data, and demand is increasing for faster and more cost-effective solutions that can easily deploy AI/ML and big data analytics

Founded in 2012, BlueData is a privately-held company headquartered in Santa Clara.

BlueData’s software platform uses container technology to make it simpler and more cost-effective to deploy large-scale machine learning and big data analytics environments.

“BlueData has developed an innovative and effective solution to address the pain points all companies face when contemplating, implementing, and deploying AI/ML and big data analytics,” says HPE storage and big data global business unit senior vice president and general manager Milan Shetti.

“Adding BlueData’s complementary software platform to HPE’s market-leading Apollo Systems and professional services is consistent with HPE’s data-first strategy and enables our customers to extract insights from data - whether on-premises, in the cloud, or in a hybrid architecture. We are excited about the significant value we can deliver for our customers by working with the talented team at BlueData.”

By combining BlueData’s software platform with HPE’s existing software-defined infrastructure, HPE can help customers accelerate their digital transformation by providing an all-encompassing and easy-to-implement solution for AI/ML and big data analytics.

With this container-based solution, customers can improve agility for their data science teams and potentially reduce their infrastructure costs significantly.

“Growth in the volume and the types of data in the market continues to accelerate, as does the demand for a fast, easy, and unified consumption experience for AI and big data analytics,” says BlueData co-founder and CEO Kumar Sreekanti.

“From our perspective, data is fuel, and BlueData’s software is the engine that helps businesses consume their data and deliver insights in the most effective and efficient way. We’ve had tremendous customer success by providing a turn-key solution that delivers an as-a-service experience for AI and big data, and are excited to reach even more customers as part of HPE.”

The financial terms of the transaction were not disclosed.

Story image
Skills gap, lack of budget, and competing initiatives holding back innovation in A/NZ enterprises - report
Despite A/NZ businesses showing the most confidence in their ability to innovate at a competitive rate, skills gaps continued to hold projects back.More
Link image
A great ERP tool achieves a lot for your customers & financials
NetSuite’s cloud native SRP is not a project management tool that talks to your finance system. It's end-to-end project management capability for service professionals, integrated with NetSuite's full ERP solution. More
Link image
Automation: The key to business excellence across the board
In 2020, businesses that don't invest in automation face serious risk of falling behind. If it exists in IT, there's a way to automate it - find out how with a free consultation.More
Link image
Why Equinix stands out when it comes interconnection and colocation
IDC recently named Equinix a leader in the space - here's how their strategy optimised networks, reduced costs and improved scale to achieve higher performance.More
Story image
BMD chooses Rubrik to make transition to digital data backup
“BMD is a perfect example of a company that has regained control of its data, at a time when its technology resources are needed more than ever. This will empower the company to focus on its core business."More
Story image
RMIT, Siemens and Festo team up to establish Australian-focused digital innovation hub
“The announcement comes at a time when the COVID-19 pandemic is fundamentally forcing Australians and Australian businesses to look for new ways to keep the engines of the economy running.”More