- Hewlett Packard Enterprise recently announced it acquired the business assets of MapR. These are the details behind the deal.
Hewlett Packard Enterprise recently announced it acquired the business assets of MapR, which is a leading data platform for artificial intelligence and analytics applications powered by scale-out, multi-cloud and multi-protocol file system technology. And this transaction also includes MapR’s technology, intellectual property, and domain expertise in artificial intelligence and machine learning (AI/ML) and analytics data management.
“The explosion of data is creating a new era of intelligence where the winners will be the ones who harness the power of data, wherever it lives,” said Hewlett Packard Enterprise president and CEO Antonio Neri. “MapR’s file system technology enables HPE to offer a complete portfolio of products to drive artificial intelligence and analytics applications and strengthens our ability to help customers manage their data assets end to end, from edge to cloud.”
A leading number of enterprises across industries such as financial services, manufacturing, and consumer technology use the MapR Data Platform to power their digital transformation initiatives and unlock business value. And these companies have been able to move more quickly, grow revenue, reduce costs, and diminish risk.
MapR has a large ecosystem of partners that spans resellers, independent software vendors, and system integrators in the AI/ML and analytics market. And HPE will add these partners (as appropriate) and continue to offer choice through a broad ecosystem that includes many other data-centric ISVs.
“At HPE, we are working to simplify our customers’ and partners’ adoption of artificial intelligence and machine learning,” added Hewlett Packard Enterprise Hybrid IT president Phil Davis. “MapR’s enterprise-grade file system and cloud-native storage services complement HPE’s BlueData container platform strategy and will allow us to provide a unique value proposition for customers. We are pleased to welcome MapR’s world-class team to the HPE family.”
MapR is able to speed up AI and analytics initiatives with up to 6 times faster decision making, 70% savings in CAPEX and OPEX, and 3600 times reduction in data processing time. Some of the companies that use MapR include Cisco, Ericsson, and Rubicon Project.
This exit strategy worked out well for MapR since things were not looking great as of a few months ago. According to Business Insider, MapR disclosed the possibility of shutting down. But then in May, the company said it was “pursuing a strategic transaction” that would allow the company to keep its headquarters in Santa Clara open. At that time, MapR said it received more than one letter of intent from interested parties. Fast forward to now and a number of MapR employees will be joining the storage business unit at HPE.
MapR was originally founded by CEO and chairman John Schroeder and M. C. Srivas (now an architect at Bridgewater Associates). Prior to the acquisition, MapR had raised around $280 million (Crunchbase) from investors like Redpoint, Mayfield, Silicon Valley Bank, CapitalG, Future Fund, and Lightspeed.
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