Tableau Acquires High Performance Database System HyPer.
M2 EQUITYBITES-March 11, 2016-Tableau Acquires High Performance Database System HyPer
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11 March 2016 - US-based analytics software provider Tableau Software (NYSE: DATA) has acquired the early stage German startup HyPer, the company said.
As part of the technology acquisition, Tableau will add key technical personnel and plans to establish a research and development center in Munich and expand its research into high performance computing.
HyPer is a fast main-memory database system designed for simultaneous OLTP and OLAP processing without compromising performance.
It also unifies transactions and analysis in a single system, and when coupled with Tableau will help customers take visual analytics closer to the transactional systems that underlie most businesses.
HyPer grew out of a research project started in 2010 by Technical University of Munich (TUM) professors Dr. Thomas Neumann and Dr. Alfons Kemper, chair of TUM's database group.
Four of the project's Ph.D. students, Tobias Muehlbauer, Wolf Roediger, Viktor Leis and Jan Finis, will join Tableau, focused on integrating HyPer into Tableau products.
The HyPer team will be based in Munich. Tableau plans to invest additional resources in Munich to leverage the talent from TUM for further innovation that will enhance future Tableau products.
Tableau Software (NYSE: DATA) helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information.
More than 39,000 customer accounts get rapid results with Tableau in the office and on-the-go. And tens of thousands of people use Tableau Public to share data in their blogs and websites.
Tableau Software provides business analytics software products.
The company sells its products directly, as well as through indirect sales channels, such as technology vendors, resellers, original equipment manufacturers, and independent software vendor partners in the United States, Australia, Canada, China, France, Germany, India, Ireland, Japan, Singapore, the United Kingdom, and internationally. Tableau Software, Inc. was founded in 2003 and is headquartered in Seattle, Washington.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Mar 11, 2016|
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