Hitachi Data Systems to buy Pentaho for $500-$600M

Storage vendor Hitachi Data Systems is set to buy analytics company Pentaho at a price rumored to be between $500 million and $600 million (closer to $500 million, from what I’ve heard). It’s an interesting deal because of its size and because Hitachi wants to move beyond enterprise storage and into analytics for the internet of things. Pentaho sells business intelligence software, and can transform even big data from stream-processing engines for real-time analysis. According to a Hitachi press release, “The result will be unique, comprehensive solutions to address specific challenges through a shared analytics platform.”