Hitachi Data Systems Announces Intent to Acquire Pentaho to Deliver More Value From Big Data and the Internet of Things That Matter

SANTA CLARA, CA--(Marketwired - Feb 10, 2015) - Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced its intent to acquire Pentaho Corporation, a leading big data integration and business analytics company with an open source-based platform for diverse big data deployments.

The acquisition of Pentaho -- the largest private big data acquisition transaction to date -- is expected to be complete by June 2015, and is subject to customary closing conditions. Upon the close of the acquisition, Pentaho will become "Pentaho, a Hitachi Data Systems company" and will retain its brand. Pentaho will continue to execute its current business model under the leadership of Pentaho CEO, Quentin Gallivan, who will report to Kevin Eggleston, HDS senior vice president, Social Innovation and Global Industries.

This acquisition helps to fulfill Hitachi's strategy of delivering business innovations that integrate machine data, information technology, and analytics to distill value from big data and the Internet of Things. This acquisition is a transformational event for the big data industry, and will accelerate enterprise adoption of big data technologies and solutions through easier, faster deployment, leading to faster ROI.

Pentaho software and expertise will advance the current HDS portfolio of products and services, and help bring additional HDS big data solutions to market sooner. The result will be unique, comprehensive solutions to address specific challenges through a shared analytics platform. The Hitachi shared analytics platform will be a reference architecture that brings together and orchestrates different technologies from Hitachi, partners and the open source community. It will allow developers to add new capabilities on top of existing technologies for faster response to business needs.

"Data remains an untapped resource for many organizations and businesses -- with the realization of the value of that data remaining a challenge," said Kevin Eggleston, senior vice president, Social Innovation and Global Industries, Hitachi Data Systems. "The combination of Hitachi's broad industry expertise, advanced information technologies, and now Pentaho software and the talented team of experts, will enable us to give customers a more complete solution to manage their data -- allowing them to leverage the power of big data and Internet of Things in a quicker and simpler way."