In conjunction with this acquisition Metapa closed an additional $3.7 million in funding which will be used for expanded product development and increased marketing and sales efforts. SoundView Ventures, an original investor in Metapa, led the round with new investors Hudson Ventures and Royal Wulff Ventures participating. The combined companies have raised more than $20 million to date.
"To date, corporations have not been able to fully leverage the benefits of commodity computing platforms within the world of business intelligence, where data volumes are enormous and growing rapidly," said Dave Powell, CEO and president. "With the acquisition of Didera we are expanding our offerings on the Linux platform by providing innovative database clustering technology with unparalleled performance and scalability at a much lower price."
This transaction brings together some of the industry's leading technologists and executives in the area of high-performance computing and distributed systems. Highlights of past experience include:
-- National Oceanic and Atmospheric Administration's weather forecasting supercomputer, the world's first production Linux-based high performance computing system
-- Allstate's 14,000-node distributed application processing system, deployed throughout every regional office across the country
-- Digital Domain's clustered rendering system for major feature films such as Titanic and Apollo 13
-- Cable & Wireless' global content delivery network, one of the industry's largest distributed caching infrastructures.
Metapa is currently providing high-end analytics solutions to some of the world's largest service providers and financial services firms. General availability for Metapa's database clustering offering is expected in early 2004.
"Metapa represents the unique combination of some of the world's foremost authorities in high-performance Linux computing, along with experienced executive leadership in performance and availability management for mission critical enterprise computing," said Nick Rini, former CEO of Didera. "Metapa is in a tremendous position to transform the economics of business intelligence, and help customers make faster, more accurate decisions," said Rini.
According to Gartner, Linux-based server shipments are expected to double in 2003 to more than 800,000 units, and Linux is the fastest growing server operating system worldwide. By 2008 Linux server shipments are projected to exceed 1.5 million or 20% CAGR. Metapa's offerings are specifically designed to help companies take advantage of the price and performance advantages of Linux.
About Metapa Inc.
Metapa is the leader in enabling customers to move Business Intelligence (BI) applications to open-source, commodity technology. Leveraging Lintel platforms and Metapa's innovative database clustering technology, Metapa provides a superior price/performance point when compared to traditional, proprietary database solutions. Metapa brings greater control, manageability, and scalability to the enormous and growing volumes of data so customers can make faster, more accurate business decisions.
Founded in April 2000, Metapa is led by an experienced team of executives from the industry's leading Internet infrastructure and enterprise software companies. Having deployed some of the world's largest infrastructure services and supercomputers, Metapa's founding team recognized the need for solutions to address the challenges of high performance/low cost business intelligence. To date, Metapa has raised $20 million in venture financing, led by SoundView Ventures, Hudson Ventures, Royal Wulff Ventures, Saints Ventures, and Impact Venture Partners. Metapa is headquartered in Los Angeles, California.