Just months after closing a $19.6 million Series E round led by Hillman Co., joined by Adams Capital Management, Focus Ventures, Venrock Associates, Intel Capital, Jafco Ventures and Palomar Ventures, data warehousing appliance startup DATAllegro Inc. announced today that it will sell out to Microsoft Corp. (NASDAQ: MSFT) for an undisclosed amount. DATAllegro had raised a total of more than $63 million since its formation in 2003 to develop a product that combines low-cost storage technology with proprietary software for clustered computing power to help companies boost business analytics capabilities.
Microsoft will integrate DATAllegro's products with its Microsoft SQL Server 2008 product for business intelligence and data warehousing, and the addition of the company will enhance SQL Server's position in the highest end of the market. DATAllegro's appliances are aimed at large-volume data warehouses containing hundreds of terabytes built on commodity hardware, which will make it easy to integrate with SQL Server, according to the company. Microsoft expacts to retain most of DATAllegro's team at its headquarters in Aliso Viejo, Calif.
Continue reading at TechConfidential.com.
Add your comments