US-based predictive analysis software developer FICO has acquired the technology of Softbank-backed big data analytics company Karmasphere for an undisclosed amount.
Founded in California in 2010, Karmasphere produces big data optimisation technology based around Apache Hadoop software. It will be folded into FICO’s own cloud analytics operations.
Karmasphere had raised $14.5m from investors including Presidio Ventures, the US venture capital subsidiary of Japan-based conglomerate Sumitomo, and venture capital firms Hummer Winblad Venture Partners, US Venture Partners and Mohr Davidow Ventures.
“As uses for Big Data analytics mushroom and move more swiftly from concept to business value, businesses are actively seeking easy-to-use applications for Hadoop,” said Martin Hall, chairman and founder of Karmasphere. Hall and other Karmasphere staff members have joined FICO as part of the deal.