Teradata Acquires Stemma, Adding AI Technology and Talent to Accelerate Transformative Analytics Value for Customers

Rhea-AI Summary

Teradata acquires cloud-native data catalog solution Stemma Technologies to enhance analytics value and accelerate growth in AI and ML. Stemma's AI and machine learning capabilities will broaden Teradata's capacity to provide transformative analytics value. The acquisition will strengthen Teradata's data fabric and accelerate analytic productivity of the Vantage platform.

Positive

• Teradata's acquisition of Stemma Technologies will enhance analytics value and accelerate growth in AI and ML.

Negative

• The terms of the transaction were not disclosed.

SAN DIEGO--(BUSINESS WIRE)-- Teradata (NYSE: TDC) today announced that it has acquired Stemma Technologies (“Stemma”), a cloud-native, fully managed, data catalog solution. Founded in 2020, Stemma is recognized for its innovation and adept use of AI and machine learning that helps users discover, trust, and use their data and metadata more effectively.

Hillary Ashton, Teradata’s Chief Product Officer, said “Stemma is helping redefine how enterprises find trustworthy data and providing a consistently up-to-date view of data anytime, anywhere. With a focus on AI-enhanced data search and exploration, we expect Stemma to broaden Teradata’s capacity to provide transformative analytics value from discovery through delivery. Stemma’s automated data catalog capabilities will help Teradata deliver an enhanced user experience designed to accelerate growth in the flourishing area of AI and ML analytics. We are thrilled to welcome Stemma’s strong team of engineers and metadata experts to help advance Teradata’s product roadmap in data lineage, data governance and data compliance—all driving to greater self-serve analytics in the age of AI.”

Stemma’s solution was engineered to provide high-grade security, enhanced ease of use data search capabilities, and automated data intelligence. With 20 built-in data connectors, Stemma’s robust data catalog solution will strengthen Teradata’s data fabric and accelerate the analytic productivity of the Vantage platform.

The terms of the transaction were not disclosed.

About Teradata

Teradata is the connected multi-cloud data platform for enterprise analytics company. Our enterprise analytics solve business challenges from start to scale. Only Teradata gives you the flexibility to handle the massive and mixed data workloads of the future, today. Learn more at Teradata.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and often can be identified by words such as “expect,” “strive,” “looking ahead,” “outlook,” “guidance,” “forecast,” “anticipate,” “continue,” “plan,” “estimate,” “believe,” “will,” “would,” “likely,” “intend,” “potential,” or similar expressions. Some of the forward-looking statements in this release about Teradata’s acquisition of Stemma include Teradata’s expectations for enhancements to data catalog capabilities on the Teradata Vantage platform. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied. The following are some of the factors known to Teradata that could cause actual results to differ materially from what Teradata has anticipated in its forward-looking statements: the failure by Teradata to achieve synergies expected from the acquisition or delays in the realization thereof; delays and challenges in integrating the business; business disruption following the acquisition; loss of key personnel; unanticipated liabilities or exposures for which Teradata has not been indemnified or may not recover; unanticipated infringement of intellectual property rights of others associated with the rights acquired in the acquisition; general adverse business, economic or competitive conditions; and other factors described from time to time in Teradata’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradata’s annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The Teradata logo and ClearScape Analytics are trademarks, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230724821000/en/

INVESTOR CONTACT

Christopher T. Lee

858-485-2523 office

christopher.lee@teradata.com

MEDIA CONTACT

Jennifer Donahue

858-485-3029 office

jennifer.donahue@teradata.com

Source: Teradata

FAQ

What is the acquisition of Stemma Technologies by Teradata about?

Teradata has acquired Stemma Technologies, a cloud-native data catalog solution, to enhance analytics value and accelerate growth in AI and ML.

How will Stemma Technologies benefit Teradata?

Stemma's AI and machine learning capabilities will broaden Teradata's capacity to provide transformative analytics value.

What will the acquisition strengthen?

The acquisition will strengthen Teradata's data fabric and accelerate analytic productivity of the Vantage platform.

What were the terms of the transaction?

The terms of the transaction were not disclosed.