ParAccel Acquisition by Amazon
Amazon Web Services quietly acquired ParAccel, a high-performance analytical database company, for an undisclosed sum. This acquisition provided AWS with the core technology that would become Redshift.
Significance
This acquisition was the foundational step for Redshift. It gave AWS a mature, proven, massively parallel processing (MPP) and columnar storage database engine to adapt for the cloud, significantly accelerating their entry into the data warehousing market.
Key facts
- Date
- 2012-03-01
- Type
- acquisition
- Location
- Seattle, Washington, USA (AWS HQ)