Teradata Acquires Stemma, Adding AI Technology and Talent to Accelerate Transformative Analytics Value for Customers
25 Julho 2023 - 9:45AM
Business Wire
Teradata (NYSE: TDC) today announced that it has acquired Stemma
Technologies (“Stemma”), a cloud-native, fully managed, data
catalog solution. Founded in 2020, Stemma is recognized for its
innovation and adept use of AI and machine learning that helps
users discover, trust, and use their data and metadata more
effectively.
Hillary Ashton, Teradata’s Chief Product Officer, said “Stemma
is helping redefine how enterprises find trustworthy data and
providing a consistently up-to-date view of data anytime, anywhere.
With a focus on AI-enhanced data search and exploration, we expect
Stemma to broaden Teradata’s capacity to provide transformative
analytics value from discovery through delivery. Stemma’s automated
data catalog capabilities will help Teradata deliver an enhanced
user experience designed to accelerate growth in the flourishing
area of AI and ML analytics. We are thrilled to welcome Stemma’s
strong team of engineers and metadata experts to help advance
Teradata’s product roadmap in data lineage, data governance and
data compliance—all driving to greater self-serve analytics in the
age of AI.”
Stemma’s solution was engineered to provide high-grade security,
enhanced ease of use data search capabilities, and automated data
intelligence. With 20 built-in data connectors, Stemma’s robust
data catalog solution will strengthen Teradata’s data fabric and
accelerate the analytic productivity of the Vantage platform.
The terms of the transaction were not disclosed.
About Teradata
Teradata is the connected multi-cloud data platform for
enterprise analytics company. Our enterprise analytics solve
business challenges from start to scale. Only Teradata gives you
the flexibility to handle the massive and mixed data workloads of
the future, today. Learn more at Teradata.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 21E of the Securities and Exchange Act of 1934.
Forward-looking statements generally relate to opinions, beliefs,
and projections of expected future financial and operating
performance, business trends, liquidity, and market conditions,
among other things. These forward-looking statements are based upon
current expectations and assumptions and often can be identified by
words such as “expect,” “strive,” “looking ahead,” “outlook,”
“guidance,” “forecast,” “anticipate,” “continue,” “plan,”
“estimate,” “believe,” “will,” “would,” “likely,” “intend,”
“potential,” or similar expressions. Some of the forward-looking
statements in this release about Teradata’s acquisition of Stemma
include Teradata’s expectations for enhancements to data catalog
capabilities on the Teradata Vantage platform. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or implied. The
following are some of the factors known to Teradata that could
cause actual results to differ materially from what Teradata has
anticipated in its forward-looking statements: the failure by
Teradata to achieve synergies expected from the acquisition or
delays in the realization thereof; delays and challenges in
integrating the business; business disruption following the
acquisition; loss of key personnel; unanticipated liabilities or
exposures for which Teradata has not been indemnified or may not
recover; unanticipated infringement of intellectual property rights
of others associated with the rights acquired in the acquisition;
general adverse business, economic or competitive conditions; and
other factors described from time to time in Teradata’s filings
with the U.S. Securities and Exchange Commission, including its
most recent annual report on Form 10-K, and subsequent quarterly
reports on Forms 10-Q or current reports on Forms 8-K, as well as
Teradata’s annual report to stockholders. Teradata does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
The Teradata logo and ClearScape Analytics are
trademarks, and Teradata is a registered trademark of Teradata
Corporation and/or its affiliates in the U.S. and worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20230724821000/en/
INVESTOR CONTACT Christopher T. Lee 858-485-2523 office
christopher.lee@teradata.com
MEDIA CONTACT Jennifer Donahue 858-485-3029 office
jennifer.donahue@teradata.com
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