Teradata, a New York-listed data management and analysis service, has agreed to acquire the remaining shares in one of its corporate venturing portfolio companies, Aster Data Systems, for $263m.
Teradata acquired 11% of Aster in September, and has agreed to pay an additional $263m for the remaining ownership interest, net of debt and other expenses and including $21m in cash on its book.
Teradata’s investment in September was part of a $30m series C round for Aster from a consortium of venture capital (VC) firms Sequoia Capital, Jafco Ventures, Institutional Venture Partners and Cambrian Ventures and a then-undisclosed strategic investor.
Aster’s B round raised $17m in February 2009 from its VCs, while Sequoia led the reported $10m seed and A round.
Mike Koehler, executive president of Teradata, said: "This [purchase of Aster], coupled with our recent integrated marketing management acquisition with Aprimo, and our increased investments into our core data warehouse business – provide three best-in-class platforms to fuel future growth for Teradata."