HOUSTON--(BUSINESS WIRE)--Idera, Inc., parent company of global B2B software productivity brands, today announced the acquisition of Qubole, Inc., a leading provider of open data lake solutions. Qubole will join Idera, Inc.’s Database Tools business unit that includes AquaFold, IDERA, Webyog, and WhereScape, significantly expanding the breadth and depth of the company’s cross-platform data-centric solutions.
Qubole is a cloud-native data management platform for data pipelines, streaming analytics, and machine learning workloads that allows enterprises to quickly harness the power of data to gain valuable business insights. Only Qubole provides a unified environment for all major cloud providers and data processing engines. The company's unified environment includes optimized versions of Spark, Presto, Hive, and Airflow, with intelligent automation technology that scales usage up or down to meet service-level needs and minimize cloud costs.
Qubole’s award-winning platform offers the most open and flexible data workload capabilities in the market while reducing cloud data lake costs by more than 50 percent and requiring near-zero administration. The solution is trusted by leading brands such as Expedia, Disney, Oracle, Gannett, Fanatics, Activision Blizzard, and Adobe to spur innovation and transform their businesses in the era of big data.
"Companies generate and store both structured and unstructured data at unprecedented levels," said Randy Jacops, CEO of Idera, Inc. "Qubole's reputation as the leading cross-platform solution focused on unstructured data is a fantastic addition to Idera's Database Tools division. In particular, it will pair well with Idera’s WhereScape business, the leading provider of data automation solutions for data warehouses.”
This week, on Oct. 13 and 14, Qubole will host The Data Lake Summit in collaboration with AWS and Google Cloud. The virtual conference will help attendees unlock the power of data lakes through a robust curriculum of interactive sessions, real-life case studies, and standout keynotes from some of the industry’s forward-thinking organizations and leaders. The event invites data professionals from around the world to network with peers and learn how data lakes can ignite growth and transform businesses through data innovation. Register here for free.
To learn more about Qubole, visit: https://www.qubole.com/.
Evercore served as the exclusive M&A advisor to Qubole.
About Idera, Inc.
Idera, Inc. delivers B2B software productivity tools that enable technical users to do more with less, faster. Idera, Inc. brands span three divisions—Database Tools, Developer Tools, and DevOps Tools—with products evangelized by millions of community members and more than 50,000 customers worldwide, including some of the world's largest health care, financial services, retail, and technology companies. To learn more, visit: https://www.ideracorp.com/.
About Qubole, Inc.
Qubole is the open data lake platform for analytics and machine learning that large enterprises depend on to quickly harness the power of data and gain valuable business insights. Only Qubole provides a truly open platform that works with all major cloud providers and data processing engines. The company’s unified environment includes optimized versions of Spark, Presto, Hive, and Airflow, with intelligent automation that scales usage up or down to meet service-level needs and minimize cloud costs. Based in Santa Clara, Calif., Qubole has offices in New York City, San Francisco, London, Singapore, and Bangalore. For more information, visit: https://www.qubole.com/.