Microsoft pursues analytics ambitions with Metanautix acquisition
Microsoft Acquires Big Data Startup Metanautix.
Microsoft has acquired a young Palo Alto startup called Metanautix, a firm specializing in helping large enterprises filter through their hordes of in-house data.In a blog post today, Microsoft Corporation (NASDAQ:MSFT) announced that it has acquired Metanautix in an effort to provide services to companies that find it difficult to efficiently use data.
Terms of the deal haven’t been disclosed Cofounded in 2012 by Theo Vassilakis and Toli Lerios, who previously worked at Google and Facebook respectively, Metanautix launched in September 2014 shortly after raising $7 million and after two years in development. The company sells its technology to big firms wishing to pool its myriad of data sources from across departments and divisions, covering databases and business systems such as Salesforce, to serve up meaningful insights. When the company publicly launched, this publication reported that it had “half a dozen beta customers using [its] software.” Despite that, its run as an independent shop is over. Microsoft intends to fold Metanautix into its “data platform, including SQL Server and the Cortana Analytics Suite.” For now, the software giant is publicly light on details past those notes.
It explained that Metanautix’s technology helps answer these issues by connecting the “data supply chain.” However, the transaction’s financial details were not disclosed. The tech giant commented that the acquisition is part of its ongoing efforts to ramp up its cloud segment, and aid customers to fully realize the value of their data.
It manages to say even less than you might expect, but did find space for its CEO to thank his employees: “It’s been a thrilling ride, but before we begin the next exciting chapter I’d like to take a moment to thank our amazing team who has made all of this possible[.]” With just $7 million raised, and most of that in years past, it isn’t impossible to guess that the company was light on cash at the time of the sale, heading into a far more challenging fundraising climate than when it launched. Microsoft has made almost 20 acquisitions this year, and “cloud” has featured prominently, including cloud security startup Adallom and cybersecurity firm Secure Islands. In 2012 the game was released on the PS3 and Xbox 360 while its expansion, Dark Arisen was released the next year, in 2013, in which features like fast travel were added. The game will now be able to support 4k resolutions and an uncapped frame rate of 60 fps, and since it’s uncapped it means that people who have geared up PCs can go even further. The minimum requirement for the game requires you to at least have Windows Vista, Intel Core i5, 4GB RAM, Radeon HD 5870 or equivalent and a minimum of 22GB storage space.
The game is currently available on pre-order for $29.99 on Steam, though with you pre-order you get a free digital art book and the official soundtrack. Taking the cue from the fact that electric vehicles are the rage these days, Volkswagen AG (ADR) (OTCMKTS:VLKAY) is upping its stake in the EV space through its latest concept, rumored to be an electric version of the Microbus. Fueled by alarming pollution levels and increasing environmental awareness and consciousness—particularly in China—the German automaker is pushing itself toward more energy-efficient vehicles. For that purpose, Volkswagen has planned a big show at both the North American International Auto Show 2016 and Consumer Electronics Show 2016, slated to be held next month. Volkswagen believes its foray in the electric vehicles space marks the “beginning of a new era of affordable long distance electro mobility.” It is unconfirmed whether the company will indeed unveil the long-awaited Microbus concept at the auto shows.
The company is now focusing on the development of automotive connectivity and electro mobility, expecting it to pick up pace next year and recover from the impact of the emissions saga.
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