Thursday, April 25, 2013

ParAccel Acquired By Actian

Redwood City-based Actian, the developer of big data management software and analytics software, said this morning that it has acquired ParAccel, a developer of high performance analytics software. Financial details of the buy were not disclosed. ParAccel was venture backed by Amazon.com, Menlo Ventures, Mohr Davidow Ventures, Bay Partners, Walden International, Tao Venture Capital Partners and Silicon Valley Bank. ParAccel had raised more than $90M in venture capital.