The amount of the deal was not disclosed.
Led by Christian Richter, managing director, altusInsight is advancing LambdaNow, a cloud-based Big Data solution tha facilitates the handling of large amounts of data.
The product, which can be used in public and in private cloud environments, will soon be available as a SaaS to the general public.
The already functional part regarding Hadoop deployment has been in use as an enterprise edition in the telecommunication sector for over a year now.
Besides developing software tools, the company also offers consulting services regarding the introduction and installation of big data solutions for customers from different sectors (e.g. telecommunication, marketing, consumer electronics).