On April 10, 2018, Oracle completed the acquisition of SparklineData to augment Oracle PaaS services for enterprise customers transitioning to Big Data solutions. For analytic workloads over large and complex datasets, SparklineData has developed SNAP, an Apache Spark™ native business intelligence platform. SNAP brings sub-second query response times that can be deployed over enterprise data warehouses, data lakes and IoT analytics. SparklineData's employees will be joining Oracle as part of the Oracle Big Data Cloud organization.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and SparklineData, including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of SparklineData, anticipated customer benefits and general business outlook. When used in this document, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or SparklineData, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business, and the possibility that Oracle or SparklineData may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or SparklineData.
Oracle is currently reviewing the existing SparklineData product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of the SparklineData product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by SparklineData or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. It is intended for information purposes only, and may not be incorporated into any contract.