Teradata acquires assets of Revelytix and Hadapt Teradata announced two acquisitions that accelerate the growth of its big data capabilities. On July 16th, Teradata acquired assets of Revelytix, a leader in information management products for big data with unique metadata management technology and deep expertise in integrating information across the enterprise. On July 17th, Teradata acquired assets of Hadapt, including experienced big data technologists and intellectual property. Because they are not material to Teradata, the terms of these acquisitions have not been disclosed.
Teradata announces $300M increase in share repurchase plan Teradata announced that its Board of Directors has authorized an additional $300M for share repurchases under its general open market share repurchase program. The company now has approximately $450M available under this program as a result of the increased share repurchase authorization. The company also has an ongoing anti-dilution offset repurchase program under which it repurchases common stock in the open market to offset employee stock purchases and option exercises under the company's various employee benefit plans. increased share repurchase authorization is effective immediately and expires on December 15, 2017.