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Redwood City-Based Actian Acquires Campbell-Based ParAccel; Silicon Valley Bank backed ParAccel

04/25/2013
Actian, a Redwood City-based developer of big data management tools, said on Thursday it has acquired Campbell-based ParAccel, creator of an analytic platform designed to help clients gain quick insights from very large data sets. Financial terms of the deal were not disclosed. Actian said the acquisition will further strengthen its infrastructure portfolio, while adding clients such as Amazon, The Royal Bank of Scotland, OfficeMax and MicroStrategy. ParAccel is backed by Amazon, Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank.

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