Teradata Explained

Teradata Corporation
Type:Public
Industry:Software
Hq Location City:San Diego, California
Hq Location Country:U.S.
Revenue Year:2022
Income Year:2022
Net Income Year:2022
Assets Year:2022
Equity Year:2022
Num Employees Year:Dec 2022
Footnotes:[1]

Teradata Corporation is an American software company that provides cloud database and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech and Citibank's advanced technology group.[2]

Overview

Teradata is an enterprise software company that develops and sells database analytics software.[3] [4] [5] [6] The company provides three main services: business analytics, cloud products, and consulting.[7] It operates in North and Latin America, Europe, the Middle East, Africa, and Asia.[8]

Teradata is headquartered in San Diego, California and has additional major U.S. locations in Atlanta and San Francisco, where its data center research and development is housed.[5] It is publicly traded on the New York Stock Exchange (NYSE) under the stock symbol TDC.[9] Steve McMillan has served as the company's president and chief executive officer since 2020.[10] [11] The company reported $1.836 billion in revenue, a net income of $129 million, and 8,535 employees globally, as of February 9, 2020.[12]

History

The concept of Teradata grew from research at the California Institute of Technology and from the discussions of Citibank's advanced technology group in the 1970s.[13] In 1979, the company was incorporated in Brentwood, California by Jack E. Shemer, Philip M. Neches, Walter E. Muir, Jerold R. Modes, William P. Worth, Carroll Reed and David Hartke. Teradata released its DBC/1012 database machine in 1984.[14] [15] In 1990, the company acquired Sharebase, originally named Britton Lee.[16] In September 1991, AT&T Corporation acquired NCR Corporation,[17] which announced the acquisition of Teradata for about $250 million in December. Teradata built the first system over 1 terabyte for Wal-Mart in 1992.[18]

NCR acquired Strategic Technologies & Systems in 1999 and appointed Stephen Brobst as chief technology officer of Teradata Solutions Group. In 2000, NCR acquired Ceres Integrated Solutions and its customer relationship management software for $90 million,[19] as well as Stirling Douglas Group and its demand chain management software.[20] Teradata acquired financial management software from DecisionPoint in 2005.[21] In January 2007, NCR announced Teradata would become an independent public company, led by Michael F. Koehler.[22] [23] The new company's shares started trading in October.[9]

In April 2016, a hardware product line called IntelliFlex was announced.[24] Victor L. Lund became the chief executive on May 5, 2016.[25] [26]

In October 2018, Teradata started promoting its cloud analytics software called Vantage (which evolved from the Teradata Database).[27]

On May 7, 2020, Teradata announced the appointment of Steve McMillan as president and chief executive officer, effective June 8, 2020[28]

Acquisitions and divestitures

Teradata has acquired several companies since becoming an independent public company in 2008. In March 2008, Teradata acquired professional services company Claraview, which previously had spun out software provider Clarabridge.[29] Teradata acquired column-oriented DBMS vendor Kickfire in August 2010,[30] [31] followed by the marketing software company Aprimo for about $550 million in December.[32] [33] In March 2011, the company acquired Aster Data Systems for about $263 million.[34] [35] Teradata acquired Software-as-a-service digital marketing company eCircle in May 2012, which was merged into the Aprimo business.[36]

In 2014, Teradata acquired the assets of Revelytix, a provider of information management products and for a reported $50 million.[37] [38] [39] [40] In September, Teradata acquired Hadoop service firm Think Big Analytics.[40] In December, Teradata acquired RainStor, a company specializing in online data archiving on Hadoop.[41] Teradata acquired Appoxxee, a mobile marketing software as a service provider, for about $20 million in January 2015,[42] followed by the Netherlands-based digital marketing company FLXone in September. That same year Teradata acquired a small Business Intelligence firm, MiaPearl.[43]

In July 2016, the marketing applications division, using the Aprimo brand, was sold to private equity firm Marlin Equity Partners for about $90 million[44] [45] with Aprimo under CEO John Stammen moving its headquarters to Chicago.[46] while absorbing Revenew Inc. that Marlin had also bought.[47]

Teradata acquired Big Data Partnership, a service company based in the UK, on July 21, 2016.[48] In July 2017, Teradata acquired StackIQ, maker of the Stacki cluster manager software.[49]

Technology and products

Teradata offers three primary services to its customers: cloud and hardware-based data warehousing, business analytics, and consulting services.[50] In September 2016, the company launched Teradata Everywhere, which allows users to submit queries against public and private databases. The service uses massively parallel processing across both its physical data warehouse and cloud storage, including managed environments such as Amazon Web Services, Microsoft Azure, VMware, and Teradata's Managed Cloud and IntelliFlex.[51] [52] Teradata offers customers both hybrid cloud and multi-cloud storage.[53] In March 2017, Teradata introduced Teradata IntelliCloud, a secure managed cloud for data and analytic software as a service. IntelliCloud is compatible with Teradata's data warehouse platform, IntelliFlex.[54] The Teradata Analytics Platform was unveiled in 2017.[55]

Big data

Teradata began to use the term "big data" in 2010. CTO Stephen Brobst attributed the rise of big data to "new media sources, such as social media."[56] The increase in semi-structured and unstructured data gathered from online interactions prompted Teradata to form the "Petabyte club" in 2011 for its heaviest big data users.[57]

The rise of big data resulted in many traditional data warehousing companies updating their products and technology.[58] For Teradata, big data prompted the acquisition of Aster Data Systems in 2011 for the company's MapReduce capabilities and ability to store and analyze semi-structured data.[59]

Old hardware line end of support

To focus on its cloud database and analytics software business,[60] Teradata plans to end support for its old hardware platforms; Teradata will provide remedial maintenance services for six (6) years from its Platform Sales Discontinuation Date. Platform Support Discontinuation is the end of the support date for a particular Teradata hardware platform.[61] Teradata hardware platforms saw support discontinuation start in 2017, with the 2580 generation of their data warehouse appliance, with only their IntelliFlex 2.5 and R740 hardware platforms being listed as "current product". All other platform models/classes have a published support discontinuation date.[62] [63] Teradata customers may request extended support for a Teradata platform that has reached its end of support life. The extended support for a platform requires approval from the local Area Director and will be delivered on a "best effort" basis, as spare parts for older platforms may no longer be available.[62]

Teradata Vantage analytics

In October 2018, Teradata started calling the cloud analytics software product line Vantage. Vantage is composed of various analytics engines on a core relational database, including the Aster graph database and a machine learning engine. The capability to leverage open-source analytic engines such as Spark and TensorFlow was released.[64] Vantage can be deployed across public clouds, on-premises, and commodity infrastructure. Vantage provides storage and analysis for multi-structured data formats.[65]

Notes and References

  1. Web site: 2022 Annual Report (Form 10-K). . 24 February 2023.
  2. Web site: The History of Teradata. Teradata.com. Teradata. 2016-10-28.
  3. Web site: Teradata Express | Download Free Trial .
  4. News: Teradata to help Rajasthan Govt. on citizen services. Peerzada. Abrar. November 23, 2017. December 7, 2017. The Hindu. 0971-751X. 13119119.
  5. News: San Diego data center tech start-up StackIQ acquired by Teradata. July 14, 2017. Mike. Freeman. The San Diego Union-Tribune. Tronc. December 7, 2017.
  6. How Teradata aims to unify customers' analytics under new data platform. Tom. Macaulay. October 24, 2017. Computerworld. December 7, 2017.
  7. Web site: Backaitis. Virginia. Teradata Promises to Better Serve its Customers #TDPARTNERS16. CMS Wire. December 7, 2017. September 13, 2016.
  8. The World's Biggest Public Companies: #1,982 Teradata. Forbes. December 7, 2017.
  9. NCR Completes Teradata Spin Off . NCR . October 1, 2007 . dead. https://web.archive.org/web/20071018033916/http://www.ncr.com/about_ncr/media_information/news_releases/2007/october/100107a.jsp . October 18, 2007 .
  10. News: Brief: Teradata names Steve McMillan CEO. February 9, 2021. Teradata. May 7, 2020.
  11. News: Navera. Tristan. Teradata execs: New strategy to mean 'double digit' growth. December 7, 2017. Dayton Business Journal. November 17, 2016.
  12. Web site: For 10-K: Annual Report for the Fiscal Year Ending December 31, 2019 . February 28, 2020 . August 10, 2020 .
  13. Web site: Teradata Milestones. Teradata. March 1, 2018. https://web.archive.org/web/20050208192344/https://www.teradata.com/t/go.aspx/page.html?id=42649. February 8, 2005.
  14. Will Teradata revive a market?. Paul. Gillin. 43, 48. Computerworld. February 20, 1984. March 13, 2017. 0010-4841.
  15. Web site: Pereira. Brian. Marrying Strategic Intelligence with Operational Intelligence. January 1, 2010. InformationWeek. dead. https://web.archive.org/web/20120613152253/http://www.informationweek.in/Archive/10-01-01/Marrying_Strategic_Intelligence_with_Operational_Intelligence.aspx. June 13, 2012. March 11, 2017. 8750-6874.
  16. Teradata rides shifting winds. Jean S.. Bozman. Computerworld. May 7, 1990. March 17, 2017.
  17. News: Andrews. Edmund. AT&T Acquisition, Soon to be Spun Off, Regains NCR Name. The New York Times. December 13, 2011. January 11, 1996. 0362-4331. 1645522.
  18. Hubler. David. Teradata sees revenue growth in data consolidation. Washington Technology. December 13, 2011. December 13, 2010.
  19. News: Company News; NCR Acquires Ceres Integrated in a $90 Million Deal.. The New York Times. December 13, 2011 . April 12, 2000.
  20. News: Press release . NCR Completes Acquisition of Sterling Douglas Group . NCR . July 14, 2000. August 16, 2013.
  21. Web site: Company Overview of DecisionPoint Applications, Inc.. Bloomberg.com. Bloomberg L.P.. March 1, 2018.
  22. News: NCR, Teradata to split up. January 8, 2007. CNNMoney. Time Warner. March 15, 2017.
  23. News: Hagerty. John. NCR to Spinoff Teradata. January 9, 2007. Forbes. March 15, 2017. 0015-6914.
  24. News: Teradata Universe 2016: MPP architecture recast as 'Intelliflex'. Computer Weekly. Brian. McKenna. April 18, 2016. March 30, 2017.
  25. News: Brief: Teradata names Victor Lund CEO. March 1, 2018. Reuters. May 5, 2016.
  26. News: Teradata names new CEO. March 1, 2018. Dayton Daily News. May 5, 2016. 0897-0920. 232118157. Thomas. Gnau.
  27. Web site: Teradata Online Documentation | Quick access to technical manuals .
  28. News: Teradata Board Appoints Steve McMillan President and Chief Executive Officer .
  29. News: Grimes. Seth. Teradata has Acquired BI/DW Firm Claraview. March 20, 2008. InformationWeek. dead. https://web.archive.org/web/20141008192102/http://www.informationweek.com/software/information-management/teradata-has-acquired-bi-dw-firm-claraview/d/d-id/1065923. October 8, 2014. March 15, 2017.
  30. Kanaracus. Chris. Teradata buys analytics vendor Kickfire. August 10, 2010. InfoWorld. December 13, 2011. 0199-6649.
  31. Teradata quietly scoops up Kickfire. Chris. Kanaracus. August 10, 2010. Computerworld. March 15, 2017.
  32. Web site: Prickett Morgan. Timothy. Teradata eats Aprimo for $550m.. December 22, 2010. The Register. March 15, 2017.
  33. Henschen. Doug. IT and Marketing: How Digital Media's Changing the Relationship. April 9, 2011. InformationWeek. dead. https://web.archive.org/web/20110411103302/http://www.informationweek.com/news/software/bi/229400641. April 11, 2011. March 15, 2017.
  34. News: Morgan. Timothy Prickett. Teradata snaps up Aster Data for $263m. March 3, 2011. The Register. December 13, 2011.
  35. Web site: Vizard. Mike. Diversity Comes to Data Management. September 22, 2011. IT Business Edge. December 13, 2011.
  36. Henschen. Doug. Teradata Acquires eCircle for Social, Mobile Marketing Push. InformationWeek. May 2, 2012. March 13, 2017.
  37. News: Kanaracus. Chris . Teradata acquires assets of Hadapt, Revelytix for big data. July 22, 2014 . PC World . March 11, 2017 .
  38. Web site: Keohane. Dennis. Hadapt acquired by Teradata, will lead to more employees in Boston . July 16, 2014 . The Boston Globe . March 11, 2017 .
  39. News: Facebook and Teradata on Apache Presto and the disruption of open source . Natalie Gagliordi . September 28, 2015 . ZDNet . March 11, 2017 .
  40. Web site: Henschen. Doug. Teradata Buys Think Big for Big Data Consulting . September 3, 2014 . Information Week . March 11, 2017 .
  41. News: Deutscher . Maria. Teradata acquires RainStor to super-charge Hadoop archiving . March 11, 2017 . Silicon Angle . December 17, 2014.
  42. News: Lunden. Ingrid. Teradata Buys App Marketing Platform Appoxee for $20-25M, Sets Up Israeli R&D Center. March 9, 2017. TechCrunch. January 3, 2015.
  43. News: Teradata Updates Marketing Cloud; Acquires DMP FLXone. Nelson . Jess. October 19, 2015. Email Marketing Daily. March 9, 2017.
  44. Council. Jared. Aprimo getting new life under new ownership, old name. Indianapolis Business Journal. July 20, 2016. March 9, 2017. 0274-4929.
  45. Council. Jared. Teradata selling Aprimo unit at $435M discount. Indianapolis Business Journal. April 26, 2016. March 9, 2017.
  46. Twig, Tara (July 20, 2016) "Stammen Named CEO of Aprimo" Inside Indiana Business. Retrieved August 31, 2018 http://www.insideindianabusiness.com/story/32487896/john-stammen-named-ceo-of-aprimo-chicago
  47. News: Marlin buys Revenew Inc - PE Hub. 2016-07-21. PE Hub. 2018-09-04. en-US.
  48. News: O'Hear. Steve. Big data company Teradata acquires UK's Big Data Partnership. July 25, 2016. TechCrunch. March 9, 2017.
  49. News: Teradata Acquires San Diego's StackIQ to Strengthen Cloud Business . Xconomy. Bruce V.. Bigelow. July 13, 2017. September 10, 2017.
  50. Web site: Teradata puts the swagger back in its step. April 19, 2017. Brian. Pereira. BW CIO. September 22, 2017.
  51. Web site: Teradata Targets Hybrid Cloud Environments with Teradata Everywhere and Borderless Analytics. September 12, 2016. September 22, 2017. Database Trends and Applications.
  52. Web site: Teradata amps up cloud and consulting offerings. September 20, 2016. Doug. Henschen. ZDNet. September 22, 2017.
  53. Web site: Teradata attempts to disrupts itself with cloud push. Doug. Henschen. June 22, 2016. ZDNet. September 22, 2017.
  54. Teradata notes that in briefings, customers consistently affirm continuing loyalty. March 24, 2017. Dataquest. New Delhi. September 22, 2017.
  55. Web site: Carey. Scott. Here are the best self-serve analytics platforms for your business, from Qlik to Tableau. ComputerworldUK. 24 November 2017.
  56. Web site: Salah-Ahmed. Amira. One-on-One with Teradata's CTO Stephen Brobst. May 4, 2011. The Daily Egypt News. December 13, 2011.
  57. Web site: Grant. Ian. Big data boosts Teradata growth. April 11, 2011. Computer Weekly. December 13, 2011.
  58. Web site: Miniman. Stuart. The Emerging Big Data Vendor Ecosystem. March 28, 2011. Wikibon. December 13, 2011.
  59. Web site: Kanaracus. Chris. Teradata Buys Aster Data, Boosts "Big Data" Wares. March 3, 2011. CIO. December 13, 2011.
  60. Web site: Why is Teradata the Lowest Cost for Enterprise Analytics? .
  61. Web site: Support. Teradata. Teradata Product Support Policies. June 22, 2022. Teradata. June 22, 2022.
  62. Web site: Support. Teradata. Teradata Platform Support Roadmap. January 13, 2022. Teradata. June 22, 2022.
  63. Web site: Teradata Support. Natrinsic. Teradata End of Support Information. June 22, 2022. Natrinsic. June 22, 2022.
  64. Web site: Advanced Analytics for a New Era | Teradata Blog .
  65. Web site: New Teradata Focuses on Answers, Not Analytics . October 9, 2018 . Datanami . July 22, 2021.

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