The US-based company, backed by investors including Softbank. has sold its technology to FICO for an undisclosed sum.
US-based predictive analysis software developer FICO has acquired the technology of Softbank-backed big data analytics company Karmasphere for an undisclosed amount.
Founded in California in 2010, Karmasphere produces big data optimisation technology based around Apache Hadoop software. It will be folded into FICO’s own cloud analytics operations.
Karmasphere had raised $14.5m from investors including Presidio Ventures, the US venture capital subsidiary of Japan-based conglomerate Sumitomo, and venture capital firms Hummer Winblad Venture Partners, US Venture Partners and Mohr Davidow Ventures.
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