VC-backed RapidMiner buys Hungarian big data startup Radoop

RapidMiner, which is backed by Earlybird Venture Capital and Open Ocean Capital, said Tuesday that it has acquired Radoop. No financial terms were disclosed. Based in Budapest, Radoop is a provider of big data analytics solutions for Hadoop.

PRESS RELEASE

BOSTON – June 17, 2014 – Pioneering predictive analytics leader RapidMiner today announced that it has acquired Radoop, a leading big data analytics solution for Hadoop®, making Hadoop implementations more powerful and easy to use with RapidMiner’s advanced analytics suite. Radoop extends RapidMiner’s data analysis capabilities and together these solutions provide one of the first enterprise-ready, commercially supported and full-featured predictive analytics suites running in Hadoop. Through their existing partnership Radoop is already fully integrated into RapidMiner’s enterprise-ready Studio and Server product lines. Terms of the deal were not disclosed.
Radoop enhances RapidMiner’s data analysis capabilities by providing key extensions for editing and running ETL, data analytics and machine learning processes in a Hadoop environment. In addition to easily integrating with any Hadoop cluster, the acquisition of Radoop further strengthens RapidMiner’s role in the Hadoop ecosystem by bringing key partnerships with Cloudera and Hortonworks, two of the most popular Hadoop platforms, as well adding 20 new client companies, including Schneider Electric, Prezi, Ustream and Fractal Analytics. Radoop 2.0, released in April 2014, includes more than 50 Hadoop operators, support for YARN (the new resource management layer for Hadoop 2.0), the latest Cloudera, Hortonworks and DataStax distributions, and integration with Hadoop technologies, including MapReduce, Hive, Impala, Mahout and Pig.
“The combination of RapidMiner and Radoop uniquely positions us to take advantage of the synergies that exist between advanced analytics and Hadoop,” said Ingo Mierswa, co-founder and CEO of RapidMiner. “With 38,000 production deployments and 250,000 active users, RapidMiner’s advanced analytics platform has seen phenomenal adoption across an ever-growing number of organizations. With the addition of Radoop, business and IT organizations can now fully leverage the world’s most comprehensive predictive analytics suite in a platform that costs far less than proprietary technologies, delivers greater functionality, and is easier to deploy and manage.”
“As advanced analytics becomes one of the most prolific use cases on Hadoop, the entire Radoop team is excited to join RapidMiner’s global organization to expand its lead into the broader Hadoop ecosystem,” said Zoltán Prekopcsák, CEO of Radoop. “We are now perfectly positioned to accelerate the deployment and expansion of Radoop’s big data technology through RapidMiner’s access to key markets all over the world including the United States, Europe and Asia.”
“Two years ago, when I reported on RapidMiner and its strategic partnership with Radoop, I suggested the company might benefit from acquiring Radoop,” said Krishna Roy, Data Platform and Analytics Team, 451research. “With this acquisition, RapidMiner is capitalizing on a growing, global market opportunity in big data analytics.”
RapidMiner is a recognized leader in advanced and predictive analytics. The company was positioned by Gartner, Inc. in the Leaders quadrant of the first “Gartner Magic Quadrant for Advanced Analytics Platforms,” published February 19, 2014.1 The report is available at http://rapidminer.com/leader-gartners-magic-quadrant-advanced-analytics/.
RapidMiner will immediately begin selling Radoop. With the acquisition, Radoop will become a wholly owned subsidiary of RapidMiner and will become the company’s big data division. RapidMiner will retain Radoop employees and capitalize on their know-how, while investing to accelerate the global expansion of the newly formed division. Radoop founder and technology luminary Zoltán Prekopcsák will become vice president of big data.
About RapidMiner
Pioneering predictive analytics leader RapidMiner is redefining how business analysts use all kinds of data, including big data, to predict the future. With an open source heritage, RapidMiner is one of today’s most widely known and used analytics platforms, providing powerful solutions for a wide variety of industries. For more information, visit www.rapidminer.com.

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