Wade Roush wrote:
Waltham, MA-based Xkoto, which makes database virtualization software for businesses, has been acquired by Teradata (NYSE: TDC), the Dayton, OH-based data warehousing and business intelligence giant, according to a report this morning in PE Hub. Neither company has formally announced the deal; a voicemail greeting at Xkoto confirms that the company has been acquired by another organization, but doesn’t name it, and officials at Teradata did not immediately respond to Xconomy’s inquiries. We first covered Xkoto back in 2007, when Boston-based GrandBanks Capital arranged to transplant the company’s headquarters from Toronto to Boston. Xkoto raised a $7.5 million Series B round in 2007 and a $3 million Series C round in 2009 from GrandBanks and GrowthWorks Canadian Fund.
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