HP Buys Data Management Co. Vertica

HP will acquire venture-backed data management company Vertica for an undisclosed amount. Billerica, Mass.-based Vertica has raised more than $30 million since it was formed in 2005, and is backed by investors including Kleiner Perkins Caufield & Byers, Bessemer Venture Partners, Highland Capital Partners and New Enterprise Associates. Terms of the acquisition were not released.

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