Thursday, July 24, 2008
DATAllegro Acquired By Microsoft
Aliso Viejo-based DATAllegro, which develops data warehouse appliances, has been acquired by Microsoft, the two firms said today. Financial terms of the deal were not disclosed. According to Microsoft, it will retain most of DATAllegro's team in Aliso Viejo, where it will create a "Center of Excellence" for data warehousing. DATAllegro was venture backed by Adams Capital Management, Focus Ventures, Intel Capital, JAFCO American Ventures, Palomar Ventures, The Hillman Company, and Venrock Associates. The firm last raised a round of funding in May worth $19.6M, which brought its total raised to $63.1M since its founding in 2004.