HP dumps Neoview, acquires Vertica

data warehousing and analytics vendor Vertica Systems in a fresh attempt to raise its profile in the fast-growing business intelligence (BI) market, reveals the Financial Times.

HP recently pulled the plug on a home-grown data warehousing product Neoview, which failed to live up to its expectations.

The decision to jump straight back in, this time using Vertica's real-time analytics technology, shows HP has recognised that business intelligence - which marries powerful databases called data warehouses with analytics software - is one of the few enterprise software markets that has yet to turn into a two-horse race.

According to eCRM, HP boasts that the acquisition will boost its ability to parse through massive data sets and provide corporate clients with analytics and business insights in near real-time.

"In today's highly competitive environment, customers need the ability to manage the increasing amounts of data and growing streams of information with more flexible, more dynamic architectures," says Shane Robison, HP's executive vice-president and chief strategy and technology officer, in a statement.

However, The Wall Street Journal reports that terms of the deal weren't disclosed. An H-P spokesperson declined to comment and Vertica's didn't immediately respond to requests for comment.