Clearsight Advisors served as the exclusive strategic and financial advisor to Think Big Analytics, Inc. in its acquisition by Teradata.
Teradata (NYSE: TDC), a global leader in data analytic platforms, marketing applications and consulting services has acquired Think Big Analytics, Inc., a leading consulting and solutions company, offering full strategy and implementation services focused exclusively on big data. With offices and coverage throughout the U.S., Think Big is headquartered in the heart of Silicon Valley.
“Teradata acquired Think Big because it is the leading consulting and solutions company focused exclusively on Hadoop and big data. Think Big’s expertise, proven delivery methodology, intellectual property assets and solution frameworks strengthens Teradata’s position as the global leader helping organizations become data-driven enterprises through analytics,” said Randy Lea, Vice President, Teradata Big Data Practice, Teradata Americas Sales and Services.
Think Big’s proven methodology for big data engineering and data science accelerates customers’ success in identifying new value and opportunities from their business data. “Teradata and Think Big share an empowering vision to help customers leverage new, open source technologies to complement existing proven technologies, which drive analytic value from a rich diversity of data sets,” said Ron Bodkin, co-founder and CEO of Think Big.
“The Clearsight team did an exceptional job of developing a deep understanding of our vision and our business and clearly articulated our unique Big Data solution services model, stated Rick Farnell Co-Founder and President of Think Big. Farnell went on to add, “Clearsight’s reputation, contacts, and ability to understand our business and the new Big Data market helped make our transaction possible.” “We’re excited to take the next step in our Think Big journey to scale the premier big data solution services organization with the backing of Teradata, the global leader in data analytics.”
“Clearsight is proud to have worked with such an exceptional, high growth big data consulting business,” said Gretchen Guandolo, Managing Director at Clearsight. This transaction underscores Clearsight’s leadership in representing successful firms in the big data sector.
Think Big’s experienced big data professionals, including its management team, will remain in place, and join Teradata’s big data consulting practice in the Americas. Think Big’s headquarters will remain in Mountain View, California, in the heart of Silicon Valley, and market its services and solutions under the name of Think Big, a Teradata Company.