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Note: The buyout will help HP counter IBM's recent acquisition of Netezza as analytics sector heats up.
Hewlett-Packard said Monday it agreed to acquire Vertica, a privately-held developer of software that lets businesses analyze and interpret information stored in enterprise databases. The move should help HP keep pace with rival IBM, which recently bolstered its analytics portfolio with the buyout of Netezza.
Financial terms of the deal were not disclosed. Vertica's software is used in sales prediction, network performance analysis, market tracking, and other sophisticated business applications. The company has tripled its customer base to about 300 over...