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Teradata Corporation is an American
software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ...
company that provides cloud
database In computing, a database is an organized collection of data stored and accessed electronically. Small databases can be stored on a file system, while large databases are hosted on computer clusters or cloud storage. The design of databases s ...
and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at
Caltech The California Institute of Technology (branded as Caltech or CIT)The university itself only spells its short form as "Caltech"; the institution considers other spellings such a"Cal Tech" and "CalTech" incorrect. The institute is also occasional ...
and Citibank's advanced technology group.


Overview

Teradata is an
enterprise software Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, ...
company that develops and sells database analytics software. The company provides three main services: business analytics, cloud products, and consulting. It operates in North and Latin America, Europe, the Middle East, Africa and Asia. Teradata is headquartered in
San Diego, California San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United Stat ...
, and has additional major U.S. locations in
Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
and
San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...
, where its data center research and development is housed. It is publicly traded on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
(NYSE) under the stock symbol TDC. Steve McMillan has served as the company's president and chief executive officer since 2020. The company reported $1.836 billion in revenue, with a net income of $129 million, and 8,535 employees globally, as of February 9, 2020.


History

The concept of Teradata grew from research at
California Institute of Technology The California Institute of Technology (branded as Caltech or CIT)The university itself only spells its short form as "Caltech"; the institution considers other spellings such a"Cal Tech" and "CalTech" incorrect. The institute is also occasional ...
and from the discussions of Citibank's advanced technology group in the 1970s. In 1979, the company was incorporated in Brentwood, California by Jack E. Shemer, Philip M. Neches, Walter E. Muir, Jerold R. Modes, William P. Worth, Carroll Reed and David Hartke. Teradata released its DBC/1012
database machine A database machines or back end processor is a computer or special hardware that stores and retrieves data from a database. It is specially designed for database access and is tightly coupled to the main ( front-end) computer(s) by a high-speed cha ...
in 1984. In 1990, the company acquired Sharebase, originally named Britton Lee. In September 1991,
AT&T Corporation AT&T Corporation, originally the American Telephone and Telegraph Company, is the subsidiary of AT&T Inc. that provides voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agen ...
acquired NCR Corporation, which announced the acquisition of Teradata for about $250 million in December. Teradata built the first system over 1
terabyte The byte is a unit of digital information that most commonly consists of eight bits. Historically, the byte was the number of bits used to encode a single character of text in a computer and for this reason it is the smallest addressable uni ...
for
Wal-Mart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...
in 1992. NCR acquired Strategic Technologies & Systems in 1999, and appointed Stephen Brobst as chief technology officer of Teradata Solutions Group. In 2000, NCR acquired Ceres Integrated Solutions and its
customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study big data, large amounts of information. CRM systems data collectio ...
software for $90 million, as well as Stirling Douglas Group and its demand chain management software. Teradata acquired
financial management Financial management is the business function concerned with profitability, expenses, cash and credit, so that the "organization may have the means to carry out its objective as satisfactorily as possible;" the latter often defined as maximizin ...
software from DecisionPoint in 2005. In January 2007, NCR announced Teradata would become an independent public company, led by Michael F. Koehler. The new company's shares started trading in October. In April 2016, a hardware product line called IntelliFlex was announced. Victor L. Lund became the chief executive on May 5, 2016. In October 2018 Teradata started promoting it's cloud analytics software called Vantage (which evolved from the Teradata Database). On May 7, 2020, Teradata announced the appointment of Steve McMillan as president and chief executive officer, effective June 8, 2020


Acquisitions and divestitures

Teradata acquired several companies since becoming an independent public company in 2008. In March 2008, Teradata acquired professional services company Claraview, which previously had spun out software provider
Clarabridge Clarabridge is an American software company. It was founded in 2006 in Reston, Virginia. Clarabridge offers customer experience software as a service (SaaS) using AI-powered text and speech analytics. The data typically used for analysis comes fro ...
. Teradata acquired
column-oriented DBMS A column-oriented DBMS or columnar DBMS is a database management system (DBMS) that stores data tables by column rather than by row. Benefits include more efficient access to data when only querying a subset of columns (by eliminating the need to r ...
vendor Kickfire in August 2010, followed by the marketing software company Aprimo for about $550 million in December. In March 2011, the company acquired Aster Data Systems for about $263 million. Teradata acquired Software-as-a-service digital marketing company
eCircle eCircle was an email marketing and digital marketing provider headquartered in Munich, Germany. The company provided software as a service for email, mobile and social media marketing and opt-in email and lead generation media services. Buyers o ...
in May 2012, which was merged into the Aprimo business. In 2014, Teradata acquired the assets of Revelytix, a provider of information management products and for a reported $50 million. In September, Teradata acquired Hadoop service firm Think Big Analytics. In December, Teradata acquired
RainStor RainStor was a software company that developed a database management system. The company originated as a project by the United Kingdom, United Kingdom's Ministry of Defence (United Kingdom), Ministry of Defence to store volumes of data from field ...
, a company specializing in online data archiving on Hadoop. Teradata acquired Appoxxee, a mobile marketing
software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...
provider, for about $20 million in January 2015, followed by the Netherlands-based digital marketing company FLXone in September. In July 2016, the marketing applications division, using the Aprimo brand, was sold to private equity firm Marlin Equity Partners for about $90 million with Aprimo under CEO John Stammen moving its headquarters to Chicago. whilst absorbing Revenew Inc. that had also been bought by Marlin. Teradata acquired Big Data Partnership, a service company based in the UK, on July 21, 2016. In July 2017, Teradata acquired StackIQ, maker of the
Stacki Stacki is a computer cluster software product from the company StackIQ, released as open-source software. Description StackIQ was originally named Clustercorp when it was founded in 2006. Its first product was a commercial version of a Linux distri ...
cluster manager software.


Technology and products

Teradata offers three main services to its customers: cloud and hardware-based data warehousing, business analytics, and consulting services. In September 2016, the company launched Teradata Everywhere, which allows users to submit queries against public and private databases. The service uses
massively parallel Massively parallel is the term for using a large number of computer processors (or separate computers) to simultaneously perform a set of coordinated computations in parallel. GPUs are massively parallel architecture with tens of thousands of t ...
processing across both its physical data warehouse and cloud storage, including managed environments such as
Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide d ...
, Microsoft Azure,
VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...
, and Teradata's Managed Cloud and IntelliFlex. Teradata offers customers both
hybrid cloud Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...
and multi-cloud storage. In March 2017, Teradata introduced Teradata IntelliCloud, a secure managed cloud for data and analytic
software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...
. IntelliCloud is compatible with Teradata's data warehouse platform, IntelliFlex. The Teradata Analytics Platform was unveiled in 2017.


Big data

Teradata began to use the term " big data" in 2010. CTO Stephen Brobst attributed the rise of big data to "new media sources, such as
social media Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social medi ...
." The increase in semi-structured and
unstructured data Unstructured data (or unstructured information) is information that either does not have a pre-defined data model or is not organized in a pre-defined manner. Unstructured information is typically text-heavy, but may contain data such as dates, num ...
gathered from online interactions prompted Teradata to form the "Petabyte club" in 2011 for its heaviest big data users. The rise of big data resulted in many traditional data warehousing companies updating their products and technology. For Teradata, big data prompted the acquisition of Aster Data Systems in 2011 for the company's
MapReduce MapReduce is a programming model and an associated implementation for processing and generating big data sets with a parallel, distributed algorithm on a cluster. A MapReduce program is composed of a ''map'' procedure, which performs filtering ...
capabilities and ability to store and analyze semi-structured data.


Old hardware line end of support

To focus on its cloud database and analytics software business, Teradata plans to end support for its old hardware platforms, Teradata will provide remedial maintenance services for six (6) years from its Platform Sales Discontinuation Date. Platform Support Discontinuation is the end of support date for a particular Teradata hardware platform. Teradata hardware platforms saw support discontinuation start in 2017, with the 2580 generation of their data warehouse appliance, with only their IntelliFlex 2.5 and R740 hardware platforms being listed as "current product". All other platform models/classes have a published support discontinuation date. Teradata customers may request extended support for a Teradata platform that has reached its end of support life. The extended support for a platform requires approval from the local Area Director and will be delivered on a "best effort" basis as spare parts for older platforms may no longer be available.


Teradata Vantage analytics

In October 2018 Teradata started calling the cloud analytics software product line Vantage. Vantage is composed by various analytics engines on a core relational database, including the Aster graph database, and a machine learning engine. Capability to leverage open source analytic engines such as Spark and TensorFlow was released. Vantage can be deployed across public clouds, on-premises, and commodity infrastructure. Vantage provides storage and analysis for multi-structured data formats.


References


External links

* {{Authority control Companies listed on the New York Stock Exchange Data warehousing products Companies based in San Diego Software companies based in California NCR Corporation Big data companies Computer companies of the United States Computer companies established in 1979 Software companies established in 1979 American companies established in 1979 1979 establishments in California Corporate spin-offs Software companies of the United States 2007 initial public offerings