AAA HP invests $50m in Hortonworks

HP invests $50m in Hortonworks

Computing company HP invested $50m in big data software producer Hortonworks yesterday as the two companies formed a strategic partnership.

HP will integrate the Hortonworks Data Platform with its own HAVEn big data platform as part of the agreement, enhancing an existing go-to-market partnership.

Hortonworks raised $100m in March from internet company Yahoo, Dragoneer Investment Group, Tenaya Capital, Benchmark and Index Ventures, and has now raised almost $250m since it was founded in 2011.

“The ability to understand data and put it to effective use is now more crucial than ever,” said Colin Mahony, general manager of HP division HP Vertica.

“Hortonworks has demonstrated outstanding dedication and expertise in addressing the business and technology needs of its customers within this new era of information and data, and we look forward to partnering with the Hortonworks team to deliver innovative big data solutions to our customers.”

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