About the Client
ParStream, a privately-held company based in Cologne, Germany and Cupertino, California, provides an analytics database that allows companies to analyze large amounts of data and store it in near real time anywhere in the network. ParStream’s highly specialized database is built for IoT environments. It allows customers to compute and analyze large amounts of data at the edge in real time, with minimal infrastructure and operating costs at the edge. Using innovative compression and indexing capabilities, ParStream’s technology helps customers access data faster and at scale, rapidly analyzing and filtering billions of records and getting information to the business in near real-time.
About the Deal
Cisco announced its intent to acquire ParStream on October 26, 2015. The ParStream team will be integrated into Cisco’s Analytics and Automation portfolio, joining the Data and Analytics Group. The acquisition is expected to close in the second quarter of fiscal year 2016.
GP Bullhound acted as financial adviser to ParStream, the leading big data analytics platform for the IoT market.
Peter M Jansen, CEO of ParStream, said: “We see a bright future ahead and look forward to working with Cisco to continue to deliver industry-leading IoT analytics solutions”.
Alec Dafferner, Partner of GP Bullhound commented: “We are proud to have worked with the leader in IoT Analytics, and believe Cisco is an excellent strategic partner for them”.