SAP has officially announced that it has acquired the startup Altiscale, which offers cloud based versions of the Hadoop and Spark open source software for storing, processing and analyzing many different kinds of data. Rumors of the acquisition began to circulate a month ago when it was believed that SAP intended to purchase the company for over $125 million. Neither company though would confirm or deny the rumors, but during the course of the next few weeks, SAP executives began to comment on the deal. Now though, SAP has put out a press release confirming the acquisition and Altiscale has… [Continue Reading]
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