Ascential Buys Torrent Systems - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Ascential Buys Torrent Systems

Torrent's technology adds parallel-processing capabilities to Ascential's data integration software.

In a move to make its data integration and transformation software more scalable, Ascential Software Corp. has acquired Torrent Systems Inc., a developer of parallel-processing infrastructure software for building data warehouses, for $46 million in cash, the companies disclosed Wednesday. The deal was completed Tuesday.

With corporate databases and data warehouses rapidly expanding into the multiterabyte range and beyond, demand is increasing for data integration and data warehouse software that can handle huge volumes of data. Meta Group predicts that the market for data integration products will grow from $900 million this year to $1.3 billion in 2004.

Incorporating Torrent's technology into Ascential's DataStage XE products adds parallel-processing capabilities that Ascential would have needed two years to develop on its own, Ascential CEO Peter Gyenes told financial analysts during a conference call Wednesday.

Ascential executives say the Torrent technology is already integrated with DataStage because of a reseller partnership the companies formed earlier this year. But analysts say there is room for improvement. "I still see them as separate products," says Gartner analyst Ted Friedman. "For the best impact they need to be tightly integrated."

Privately held Torrent had annual sales in the range of $5 million split almost equally between direct sales and resellers. Ascential expects the acquisition will add between $5 million and $10 million to its annual revenue base, according to Gyenes. Most of Torrent's 60 employees, including its development, training, and field service staff, will become employees of Ascential.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
Why 2021 May Turn Out to be a Great Year for Tech Startups
John Edwards, Technology Journalist & Author,  2/24/2021
News
How GIS Data Can Help Fix Vaccine Distribution
Jessica Davis, Senior Editor, Enterprise Apps,  2/17/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll