HPE to Acquire BlueData
Hewlett Packard Enterprise announced a definitive agreement to purchase BlueData, a provider of software that transforms how enterprises deploy AI and big data analytics. The acquisition is expected to close within HPE’s first fiscal quarter, ending January 31, 2019. The financial terms of the transaction were not disclosed.
As the volume of data continues to grow exponentially, companies are increasingly investing in the hardware, software, and services needed to gain actionable insights from it. By 2022, the total addressable market for artificial intelligence/machine learning and big data is expected to grow to approximately $160 billion.
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. By seamlessly 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.
“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. 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,” said Milan Shetti, SVP and GM, Storage and Big Data Global Business Unit at HPE.