FICO Acquires Big Data Analytics Technology from Karmasphere
FICO, a predictive analytics and decision management software company, has acquired big data analytics technology from Karmasphere. The acquisition includes Karmasphere's big data analytics software for query construction and collaboration using Hadoop data stores, together with related intellectual property. Financial terms of the deal were not disclosed.
As part of the FICO Analytic Cloud, this technology will power insights from Hadoop Big Data for analysts, data scientists and business users.
"As uses for big data analytics mushroom and move more swiftly from concept to business value, businesses are actively seeking easy-to-use applications for Hadoop," said Martin Hall, chairman, founder, and executive vice president of Karmasphere, in a statement.
Hall, along with other Karmasphere team members, has joined FICO to advance the Hadoop analytics capabilities of the FICO Analytic Cloud.
"Our goal is to simplify the complexity of Hadoop and put the power of big data analytics into the hands of all of the people who can really use it," said Doug Clare, vice president of product management at FICO, in a statement. "By embedding a sophisticated, yet easy-to-use interface for Hadoop data access into the FICO Analytic Cloud, we're accelerating the democratization and wide-scale adoption of big data analytics by organizations of all sizes and across all industries."
The FICO Analytic Cloud was unveiled last fall and is being rolled out over the course of 2014.