The IDC predicts that Big Data and analytics investments will reach US$90bn by 2022 whilst cognitive and artificial intelligence-based systems will reach US$77.6bn.
Headquartered in Santa Clara, BlueData’s technology uses container technology to make it simpler and more cost-effective to deploy large-scale machine learning and big data analytics environments.
Under the purchase, HPE plans to combine BlueData’s software platform with its own software-defined infrastructure.
In doing so, HPE says it will offer customers a container-based service for AI, machine learning and big data analytics which will improve the agility of data sciences teams and potentially reduce their infrastructure costs.
“BlueData has developed an innovative and effective solution to address the pain points all companies face when contemplating, implementing, and deploying AI/ML and big data analytics,” said Milan Shetti, SVP and GM, Storage and Big Data Global Business Unit at HPE.
“Adding BlueData’s complementary software platform to HPE’s market-leading Apollo Systems and professional services is consistent with HPE’s data-first strategy and enables our customers to extract insights from data – whether on-premises, in the cloud, or in a hybrid architecture.
“We are excited about the significant value we can deliver for our customers by working with the talented team at BlueData.”
The acquisition is expected to close within HPE’s first fiscal quarter, ending 31 January 2019.
Commenting on the purchase, Kumar Sreekanti, Co-founder and CEO of BlueData said:
“Growth in the volume and the types of data in the market continues to accelerate, as does the demand for a fast, easy, and unified consumption experience for AI and big data analytics.
“From our perspective, data is fuel, and BlueData’s software is the engine that helps businesses consume their data and deliver insights in the most effective and efficient way.
“We’ve had tremendous customer success by providing a turn-key solution that delivers an as-a-service experience for AI and big data, and are excited to reach even more customers as part of HPE.”