Hewlett-Packard yesterday announced a $50 million investment in Hortonworks, a big data company that provides enterprise version of Apache Hadoop for big data analytics applications. The announcement comes only a few months after BlackRock and Passport Capital co-led an investment round of $100 million.
The partnership will see HP and Hortonworks integrate their engineering strategies, enabling HP customers to deploy the Hortonworks Data Platform as the Hadoop component of HP HAVEn (HP’s data processing stack). In addition to the investment, Martin Fink, HP Chief Technology Office, will join Hortonworks board of directors.
“The ability to understand data and put it to effective use is now more crucial than ever,” said Colin Mahony, general manager, HP Vertica. “Hortonworks has demonstrated outstanding dedication and expertise in addressing the business and technology needs of its customers within this new era of information and data, and we look forward to partnering with the Hortonworks team to deliver innovative big data solutions to our customers.”
The deal between the two companies brings the total investment in Hadoop distributors to nearly $1.2 billion — Intel invested in $900 million Cloudera this March, and in June Google pumped $110 million into MapR.
Existing investors in Hortonworks include, Tenaya Capital, Index Ventures, Benchmark, Dragoneer Investment Group and Yahoo.
Read more here
Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!
(Image Credit: David)