|Biz insider: Teradata part of takeover talk|
Miami Twp.-based Teradata is the darling of analysts prognosticating what company Hewlett-Packard will take over in the near future.
H-P CEO Meg Whitman told analysts the $70 billion IT company is back in position to consider takeover options three years after the Autonomy disaster. That’s when HP bought Autonomy, a data-analysis company. The deal ultimately led to an $8.8 billion writedown and numerous shareholder lawsuits.
Teradata, a $7.6 billion analytics, data warehousing and marketing applications and services company that employs 10,000 workers worldwide, including more than 400 in the Dayton region, “offers a big-data platform for a bargain,” according to analysts.
Teradata has more of an “old-school” approach to big-data management, but H-P could use it as a platform to make other acquisitions and build out its own offerings, HighMark Capital’s Todd Lowenstein told Bloomberg.
In the past few months, Teradata has made several company acquisitions on its own. On July 16, Teradata acquired Revelytix, a Maryland-based company that developed the Loom metadata management system. And the next day, it bought Hadapt, a Massachusetts-based database software startup. Last week, Teradata acquired Think Big Analytics, a Mountain View, Calif.-based firm.
The recent attention Teradata is getting is not new. In April, the company was named as possible takeover target for Cisco Systems.
Asked about the takeover talk, Michael O’Sullivan, Teradata spokesman, told me his company does not comment on speculation or rumor.
HELPING VETERANS FIND JOBS
The Veteran and Military Center at Wright State University has a new office under construction in Allyn Hall, but that’s not stopping the center run by Seth Gordon from finding veterans jobs.
Gordon told Dayton B2B magazine one of the goals of the center is to help former enlisted military personnel attending WSU gain job-seeking skills. The focus of the center’s program this year is on developing career skills, such as networking.
Of WSU’s students, up to 6 percent have a military connection. Of those, nearly 700 use some type of military benefit, approximately 300 are using no benefits and about 150 are ROTC students.
Gordon said employers tell him they want to hire veterans but can’t find anybody with the skills set they need. “My point to them is you grow them. They come out of the military and you grow them with paid internships,” he said.
For more on veteran hiring, check out our next issue of Dayton B2B.
Have a business tip or insider information? Give me a call at (937) 225-0623 or email me at email@example.com
Rich Gillette is the Dayton Daily News business editor. Follow him on Twitter @richgillette