Hewlett Packard Enterprise (HPE), a California-based IT company is planning to buy big data specialist BlueData, according to the company’s statement released on 27th November 2018. The move is in line with the company’s plans to expand its horizon as a supplier of artificial intelligence as well as analytics services. BlueData is a specialized firm in the field of virtualized technology for the deployments of big data and machine learning. Although HPE has announced its acquisition plans, it has not revealed the financial details of the details nor BlueData revealed its plans after the acquisition.
BlueData’s EPIC, a software platform, enables businesses to develop Hadoop and Spark clusters in virtual ecosystems. The software contains Docker containers, big data, and virtualization tools that make it convenient to use the software within data centers.
Following the acquisition, HPE intends to amalgamate software platform of BlueData with its own software-defined infrastructure. This will allow the company to offer its customers with a contain-based serviced for machine learning, big data analytics, and AI. HPE believes that the services thus provided will significantly enhance the agility for data science team as well as will dramatically reduce infrastructure costs.
BlueData has a dedicated team that has over the time developed innovative yet effective solutions to issues faced by organizations during the implementation, deployment, and contemplation of artificial learning/machine learning and big data analytics said Milan Shetti, SVP and GM, Storage and Big Data Global Business Unit at HPE. Shetti said that HPE is excited to work with the BlueData.
BlueData was incepted in 2012 and till now it has several ties up with many business partners. The company has signed a reseller deal with Dell EMC. The software by BlueData is Dell certified. In 2015, BlueData received financial support from Intel through a $20 million funding round. The funding round also witnessed a new entry in the board team with Doug Fisher, general manager of Intel’s software unit joining BlueData. The company’s customers include big names like Nasdaq, GlaxoSmithKline, and Citi.
HPE was also founded in 2012 by the CEO Kumar Sreekanti and chief architect Tom Phelan. The company has raised a total of $39 million through various funding rounds. The company has held three funding rounds so far. In 2013, it held its first funding round A and gathered $4 million which was later followed by a $15 million funds raised in the Series B funding round in the same year. In 2015, it raised $20 million in a funding round which was led by Intel Capital and was participated by Dell Technologies Capital.
In September 2018, BlueData made available its wares on Google Cloud Platform and Microsoft Azure. The development was in line with the development of EPIC to back punters’ initiatives of BigData and Artificial Intelligence initiatives through AI-as-a-Service and ML-as-a-Services with an option of on-primes in multiple public clouds or in a hybrid cloud environment.
The Big Data and analytics investments are expected to reach $90 billion by 2020; while the cognitive and AI-based systems are expected to touch $77.6 billion.