Actian acquires MPP database vendor ParAccel
In an acquisition deal announced on Thursday, Actian Corp. revealed that it has taken over ParAccel, the 2007-founded company which offers the Massively Parallel Processing (MPP) database of the same name.
With Actian - earlier called Ingres Corp - being the Computer Associates spinoff behind the open source relational database Ingres, the acquisition of ParAccel by the company chiefly fills a gap in a portfolio which already includes the Vectorwise high-speed analytical database that is restricted single-server SMP deployments.
About the evident ParAccel advantage for Actian, Steve Shine - the CEO of Actian - told InformationWeek that ParAccel's MPP architecture allows Vectorwise's
50-terabyte sweet spot to scale out, in distributed manner, on tens, hundreds or even thousands of commodity servers.
Despite the fact that the financial terms of Actian's acquisition of ParAccel have not been officially disclosed, Shine said that Actian has taken over 100% of the company; acquiring the combined interests of investors including Amazon, Bay Partners, Walden International, MDV, Menlo Ventures, and Tao Venture Partners.
Meanwhile, noting that Actian is apparently getting set to face the growing data challenges of the present day, Robin Bloor - co-founder and chief analyst of the Bloor Group - said: "With the ability to capture, ingest, analyze, and take action on data at scale, Actian is now very powerfully positioned in the big data and data analytics markets."
IBM is using blockchain for improving speed and security for cross-border transactions. The solution offered by IBM is focused on banking sector.
Tesla Motors has fired hundreds of employees after annual performance review. The company confirmed the move but the management hasn’t mentioned the exact number of employees fired during the current performance review.
Tesla Motors has announced recall of 11,000 Model X vehicles to fix a seat cable issue. The voluntary recall involves Model X SUVs manufactured between October 28, 2016 and August 16, 2017.
Norway is planning to add additional tax burden on consumers planning to buy electric cars.
German government has raised the growth outlook for 2017 to two percent from earlier estimate of 1.5 percent. The growth outlook for 2018 has been raised to1.9 percent from earlier estimate of 1.6 percent.
The International Monetary Fund (IMF) has raised growth outlook for global economy considering stronger growth and signs of recovery in many key markets. However, the IMF forecast has raised doubts over growth in India and the United Kingdom.