CSC buys Infochimps and its big data platform


Big data startup Infochimps has been acquired by professional services giant CSC. Infochimps began life as a data marketplace in 2009, but when that plan didn’t work out the Austin, Texas-based company pivoted — wisely — into selling as a cloud service the big-data infrastructure tools it had built to run the marketplace. The acquisition (especially the buyer) was surprising, but not too shocking.

I like the team at Infochimps and have always wished them the best of luck. That being said, although I don’t know how much CSC paid for the company, I assume it was a modest sum. (Infochimps CEO Jim Kaskade told me that shareholders were quite happy with the price). Infochimps had raised about $2.6 million in venture capital and was actively seeking another round. Its most-recent funding came via two rounds of debt financing (the second in June) totaling approximately $2.5 million.

Whatever the…

View original post 223 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s