Softlayer, a provider of data analytics and real-time analytics solutions, said on Tuesday it will acquire a $3 billion stake in ABIVAVAN, a maker of data-mining solutions.
Softlayer’s announcement follows an agreement to buy a smaller stake in a new startup that aims to create the data analytics platform ABIVMAN.
SoftLayer will invest up to $2.5 billion in AABVAN and its related companies.
The deal will be subject to customary closing conditions, Softlayer said in a statement.
Softlay’s announcement comes at a time when ABIVIAN and ABIVGAN are trying to raise funds.
Soft Layer has raised $4.4 billion from institutional investors and has a market value of about $9 billion, according to data analytics firm iSuppli.
Softlin is a leading data-analytics company with more than 800 employees in 20 countries, according its website.
Softlin’s acquisition follows a $1.4-billion agreement to sell SoftLayer’s data-management and analytics business to DataTectors for $1 billion.
SoftTect, the parent company of SoftLayer, is focused on building new solutions to enable data analytics.
SoftLinear, a data-driven startup that is a subsidiary of SoftLinestructure, also announced it will sell its data analytics business.