EMC to take on Oracle after Greenplum buyout
HARDWARE maker EMC said yesterday it will buy Greenplum, a small software firm, taking on Oracle in selling programs that help companies analyse business trends.
Financial terms of the all-cash deal were not disclosed.
Oracle, the long-time leader in the database software market, entered EMC’s core business of selling storage equipment in January with its purchase of Sun Microsystems.
Greenplum sells software for data warehousing computer systems that large businesses use to analyse data about business trends. The top providers of data warehousing software and hardware include Oracle, Teradata and International Business Machines.
The deal is expected to close in the third quarter, the companies said.