Collaboration software provider WANdisco has completed the acquisition of Silicon Valley-based software company AltoStor for $5.1m with $3.6m of that in shares and $1.5m in cash.
WANdisco chairman and CEO David Richards said the AltoStor acquisition will enable WANdisco to launch products into the lucrative Big Data market.
"Combining our patented technology with AltoStor's Big Data platform will provide us with a significant competitive advantage and provide organizations with a more reliable approach for managing big data," Richards said.
WANdisco's patented active-active replication technology will be applied to Big Data to enable businesses could to minimise data loss and realise zero downtime in operating large, mission-critical databases.
In addition, the AltoStor founders will join WANdisco and will lead the WANdisco's Big Data product development and rollout.