Enterprise software company SAP is acquiring Altiscale, a startup that offers a cloud-based version of the Hadoop open source software for storing, processing, and analyzing lots of different kinds of data, VentureBeat has learned. News of the deal should be announced in the next few weeks.
The deal could be valued above $125 million. The investors are slated to receive three to four times as much money as they have put in, a source familiar with the matter told VentureBeat. The startup has raised at least $42 million in venture capital, including a $30 million round… Continue reading