Menu
Condé Nast parent company jumps into big data market with 1010data purchase

Condé Nast parent company jumps into big data market with 1010data purchase

Advance has bought the big data services provider for $500 million, and plans to inject capital into it so it can expand its operations

New York firm 1010data provides data analysis as a cloud service

New York firm 1010data provides data analysis as a cloud service

Advance, a global media group that owns the Condé Nast group of consumer publications, has ventured into the realm of data analysis, purchasing New York-based analytics firm 1010data for $500 million.

Advance plans to infuse 1010data with capital to expand its operations, so it can take on more of the growing market for big data-styled analysis services.

Sandy Steier, 1010data co-founder and CEO, in a statement issued Monday that there will be no disruption to its customers, employees nor to its business as a result of the acquisition, which will instead allow 1010data to grow more quickly.

The purchase is a bit of an unusual one for Advance, which has filled its portfolio with traditional media properties.

Most notably, Advance is the parent company for Condé Nast, which publishes magazines such as the New Yorker, Vogue, Vanity Fair, and Wired.

Advance also owns American City Business Journals, which publishes business journals in 40 cities, as well as 30 newspapers.

The company also oversees the U.S. cable company Bright House Networks, which serves over 2 million users.

Companies hire 1010data so that it analyzes large data sets for them, so that they don't have to set up the necessary IT systems to do this work themselves.

More than 750 organizations use 1010data, according to the company, including many large companies in the fields of retail, manufacturing, telecommunications, and financial services. The company, which was privately owned, maintains more than 21 trillion rows of data on behalf of these clients.

Advance sees huge potential in the market for data analysis, given that companies in every industry would benefit from such services, noted Nomi Bergman, the Advance president of Bright House Networks, also in a statement.

The global market for analytics market will reach $125 billion in 2015, according to IDC.

1010data competes not only with traditional analytics software and platform providers such as SAS Institute and Cloudera, but also with a new crop of online cloud services offered by IBM and Microsoft.

The current management of 1010data will continue to oversee its operations. Advance will invest additional capital in reinforcing the platform for wider use, for developing new features, and to ramp up sales and marketing operations.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesAdvance1010dataMergers and acquisitions

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments