Cloud Marketer Aprimo Acquired By Teradata
Aprimo provides workflows to integrate data silos, controls budgeting, and deploys multichannel campaigns
Teradata, the independent data warehouse provider, has revealed that it intends to acquire Aprimo for $525 million (£341 million) in cash. Aprimo makes marketing support software.
With the addition of Aprimo’s IP, Atlanta-based Teradata will augment its frontline data warehousing and business analytics businesses with the cloud-based, near-turnkey marketing support service option for its customers.
Hosted Cloud Or In-House
Founded in 1998 and based in Indianapolis, Aprimo has a client base of more than 150,000 users worldwide, which includes customers employed at 36 of the Fortune 100 companies. Its software and services control budgeting, provide custom workflows to integrate internal data silos, and deploy multichannel marketing campaigns that can be measured for effectiveness.
Aprimo’s software is available through a hosted cloud service or via on-premises, server-based deployment.
“[This acquisition will] provide customers with an end-to-end solution available in SaaS [software as a service] and on-premise environments,” said Teradata president and CEO Mike Koehler. “In addition, the combination will broaden our addressable customer base and fuel marketing innovation for our customers.”
Aprimo will be integrated directly into Teradata’s operations and will continue to market its products and services under the name Aprimo. Once the acquisition is complete, Aprimo will support the strategy of Teradata’s analytic and applications business, including development, marketing, sales and services.
Bill Godfrey, chief executive officer at Aprimo, will remain with Teradata in an undetermined executive position.
