Advance/Newhouse Acquires 1010data For $500M

Advance/Newhouse has decided to acquire big data analytics company 1010data for $500M. 1010data facilitates big data discovery and data sharing by means of a spreadsheet-like interface. The platform boasts predictive analytics, reporting and visualization as well as solutions for data sharing and monetization. The 1010data management team will lead the company but the new capital will be used to accelerate product development and expand sales operations. The 1010 platform gained initial traction in the financial services industry but has subsequently expanded to a customer roster of over 750 companies that also include retail, gaming, telecommunication and manufacturing. 1010data’s acquisition by Advance/Newhouse illustrates the vitality of market interest in big data discovery and data visualization solutions. Advance/Newhouse solutions is the parent company of Conde Nast magazines and Bright House Networks.

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