Teradata Corporation is a provider of database and analytics-related products and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech and Citibank's advanced technology group. The company was acquired by NCR Corporation in 1991, and subsequently spun-off again as an independent public company on October 1, 2007.
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Overview
Teradata is an enterprise software company that develops and sells database analytics software. The company provides three main services: business analytics, cloud products, and consulting. It operates in North and Latin America, Europe, the Middle East, Africa and Asia.
Teradata is headquartered in Dayton, Ohio, and has additional major U.S. locations in Atlanta and San Diego, where its data center research and development is housed. It is publicly traded on the New York Stock Exchange (NYSE) under the stock symbol TDC. Victor Lund has served as the company's president and chief executive officer since 2016. The company reported $2.3 billion in revenue, with a net income of $112 million, and 10,093 employees globally, as of December 31, 2016.
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History
The concept of Teradata grew from research at California Institute of Technology and from the discussions of Citibank's advanced technology group in the 1970s. In 1979, the company was incorporated in Brentwood, California by Jack E. Shemer, Philip M. Neches, Walter E. Muir, Jerold R. Modes, William P. Worth, Carroll Reed and David Hartke. Teradata released its DBC/1012 specialized database computer in 1984. In 1990, the company acquired Sharebase, originally named Britton Lee. In September 1991, AT&T Corporation acquired NCR Corporation, which announced the acquisition of Teradata for about $250 million in December. Teradata built the first system over 1 terabyte, at Wal-Mart, in 1992.
NCR acquired Strategic Technologies & Systems in 1999, and appointed Stephen Brobst as chief technology officer of Teradata Solutions Group. In 2000, NCR acquired Ceres Integrated Solutions and its customer relationship management software for $90 million, as well as Stirling Douglas Group and its demand chain management software. Teradata acquired financial management software from DecisionPoint in 2005. In January 2007, NCR announced Teradata would become an independent public company, led by Michael F. Koehler. The new company's shares started trading in October.
In April 2016, a product line called IntelliFlex was announced. Victor L. Lund became the chief executive on May 5, 2016.
Acquisitions and divestitures
Teradata has acquired several companies since becoming an independent public company in 2008. In March 2008, Teradata acquired professional services company Claraview, which previously had spun out software provider Clarabridge. Teradata acquired column-oriented DBMS vendor Kickfire in August 2010, followed by the marketing software company Aprimo for about $550 million in December. In March 2011, the company acquired Aster Data Systems for about $263 million. Teradata acquired email direct marketing company eCircle in May 2012, which was merged into the Aprimo business.
In 2014, Teradata acquired the assets of Revelytix, a provider of information management products and for a reported $50 million. In September, Teradata acquired Hadoop service firm Think Big Analytics. In December, Teradata acquired RainStor, a company specializing in online data archiving on Hadoop. Teradata acquired Appoxxee, a mobile marketing software as a service provider, for about $20 million in January 2015, followed by the Netherlands-based digital marketing company FLXone in September.
In July 2016, the marketing applications division, using the Aprimo brand, was sold to private equity firm Marlin Equity Partners for about $90 million. Teradata acquired Big Data Partnership, a service company based in the UK, on July 21, 2016. In July 2017, Teradata acquired StackIQ, maker of the Stacki software.
Technology and products
Teradata offers three main services to its customers: cloud and hardware-based data warehousing, business analytics, and consulting services. In September 2016, the company launched Teradata Everywhere, which allows users to submit queries against public and private databases. The service uses massively parallel processing across both its physical data warehouse and cloud storage, including managed environments such as Amazon Web Services, Microsoft Azure, VMware, and Teradata's Managed Cloud and IntelliFlex. Teradata offers customers both hybrid cloud and multi-cloud storage. In March 2017, Teradata introduced Teradata IntelliCloud, a secure managed cloud for data and analytic software as a service. IntelliCloud is compatible with Teradata's data warehouse platform, IntelliFlex. The Teradata Analytics Platform was unveiled in 2017.
Big data
Teradata began to market with the term "big data" in 2010. CTO Stephen Brobst attributed the rise of big data to "new media sources, such as social media." The increase in semi-structured and unstructured data gathered from online interactions prompted Teradata to form the "Petabyte club" in 2011 for its heaviest big data users.
The rise of big data resulted in many traditional data warehousing companies updating their products and technology. For Teradata, big data prompted the acquisition of Aster Data Systems in 2011 for the company's MapReduce capabilities and ability to store and analyze semi-structured data.
Competition
Teradata's main competitors are similar products from vendors such as Oracle, IBM, Microsoft and SAP IQ, as well as Hadoop-based distributions and other open source technologies.
References
External links
Media related to Teradata at Wikimedia Commons
- Official website
Source of article : Wikipedia
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