Hitachi Vantara Enhances Lumada with the Acquisition of Smart Data Management Company Io-Tahoe

Rhea-AI Summary

Hitachi Vantara has acquired Io-Tahoe, an innovator in data management, aiming to enhance its Lumada DataOps Suite. This acquisition aligns with Hitachi's strategy to lead in digital transformation across critical sectors such as energy and healthcare. Io-Tahoe's AI-driven software improves data quality, lineage, and compliance for Fortune 1000 companies. Integration of Io-Tahoe's capabilities into Lumada will enhance data solutions for clients, promising faster and more meaningful business outcomes. The deal reflects Hitachi's commitment to empowering businesses through advanced data solutions.

Positive

• Acquisition of Io-Tahoe enhances Lumada DataOps Suite capabilities.
• Integration promises improved data governance, quality, and compliance.
• Targeting Fortune 1000 clients may lead to increased market share.
• Strengthening presence in critical sectors like energy and healthcare.

Negative

• None.

SANTA CLARA, Calif., June 23, 2021 /PRNewswire/ -- Hitachi Vantara, the digital infrastructure, data management, and digital solutions subsidiary of Hitachi Ltd. (TSE: 6501), today acquired data management innovator Io-Tahoe, a subsidiary of the UK energy company Centrica. Founded in 2017, Io-Tahoe brings together data engineering, science, and analytics on an open, unified platform, enabling data teams to collaborate and innovate faster.

The addition of Io-Tahoe is the latest in a series of investments by Hitachi, enhancing the company's ambition and strategy to be the leader in the digital transformation of critical social infrastructure sectors such as energy, transportation, financial services, healthcare, and manufacturing.

Io-Tahoe's AI-driven data management software helps Fortune 1000 clients address their toughest data challenges by driving data quality, data lineage, workflow approval, and governance and regulatory compliance to deliver meaningful business outcomes. These capabilities will be integrated with the Lumada DataOps Suite – a flexible data management fabric that provides integration, catalog, and edge capabilities.

"We are excited to add Io-Tahoe's superior technology in data governance, quality and compliance to our Lumada DataOps Suite," said, Radhika Krishnan, chief product officer at Hitachi Vantara. "We're dedicated to enabling our customers to transform their businesses through data and this acquisition dramatically strengthens our ability to do so. As data environments become increasingly complex, Lumada will now provide more context and meaning to information, allowing data innovators to leverage data more accurately with improved time to value."

"Hitachi Vantara is the perfect fit for Io-Tahoe's data automation technology," said Ajay Vohora, chief executive officer (CEO) of Io-Tahoe. "The Lumada DataOps Suite should be a cornerstone in any data-driven initiative and its integration with Io-Tahoe's technology creates a compelling set of offerings with true business impact across a number of industries."

Io-Tahoe is led by Ajay Vohora, who received his PhD in Data Science from Cambridge University, England. Ajay, along with Io-Tahoe's talented teammates in New York, Europe and India, will report into Hitachi Vantara Chief Product Officer, Radhika Krishnan. 

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References

1. Forrester: Your Business Is Only As Fast As Your Data

About Hitachi Vantara
Hitachi Vantara, a wholly-owned subsidiary of Hitachi, Ltd., guides our customers from what's now to what's next by solving their digital challenges. Working alongside each customer, we apply our unmatched industrial and digital capabilities to their data and applications to benefit both business and society. More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs, enhance customer experiences, and deliver social and environmental value. Visit us at www.hitachivantara.com.

About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.

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SOURCE Hitachi Vantara Corporation

FAQ

What is the significance of Hitachi Vantara's acquisition of Io-Tahoe?

The acquisition enhances Hitachi Vantara's Lumada DataOps Suite, improving its capabilities in data governance and quality.

When was the acquisition of Io-Tahoe by Hitachi Vantara announced?

The acquisition was announced on June 23, 2021.

What industries will benefit from the integration of Io-Tahoe's technology?

Industries such as energy, healthcare, and financial services will benefit from the enhanced data management solutions.

How does the acquisition impact Hitachi Vantara's strategy?

It aligns with Hitachi's ambition to lead in digital transformation across critical infrastructure sectors.

What is the purpose of the Lumada DataOps Suite?

The Lumada DataOps Suite provides flexible data management solutions, improving integration and data usability for businesses.