Softlayer to open $3.5B acquisition of ABIVAN network, more than 1,000 new jobs

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.

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