Thursday, July 24, 2014

HP Bets $50 Million on Hortonworks for Hadoop

HP is making a $50 million equity investment in Hortonworks, a start-up based in Palo Alto, California, that offers enterprise Apache Hadoop solutions. The companies said the investment builds on the reseller agreement put in place last year.

The companies also plan to integrate the Hortonworks Data Platform with key HP technologies including the marquee HP HAVEn offering.

http://hortonworks.com/blog/hp-hortonworks-deepen-relationship/

In March 2014, Hortonworks announced an oversubscribed $100 million funding round to support it enterprise Apache Hadoop solutions.

Hortonworks develops, distributes and supports a 100% open source Apache Hadoop data platform that deeply integrates with existing IT investments and upon which enterprises can build and deploy Hadoop-based applications. The company has deep relationships with the key strategic data center partners, including Microsoft, SAP, Teradata, HP and others.

The new funding round was led by funds managed by BlackRock and Passport Capital, joined by all existing investors.

http://www.hortonworks.com

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