Concept
Teradata Corporation is an American software company that provides cloud database and analytics-related software, products, and services. The company was formed in 1979 in Brentwood, California, as a collaboration between researchers at Caltech and Citibank's advanced technology group. Teradata is an enterprise software company that develops and sells database analytics software. The company provides three main services: business analytics, cloud products, and consulting. It operates in North and Latin America, Europe, the Middle East, Africa, and Asia. Teradata is headquartered in San Diego, California and has additional major U.S. locations in Atlanta and San Francisco, where its data center research and development is housed. It is publicly traded on the New York Stock Exchange (NYSE) under the stock symbol TDC. Steve McMillan has served as the company's president and chief executive officer since 2020. The company reported 129 million, and 8,535 employees globally, as of February 9, 2020. The concept of Teradata grew from research at the California Institute of Technology and from the discussions of Citibank's advanced technology group in the 1970s. In 1979, the company was incorporated in Brentwood, California by Jack E. Shemer, Philip M. Neches, Walter E. Muir, Jerold R. Modes, William P. Worth, Carroll Reed and David Hartke. Teradata released its DBC/1012 database machine in 1984. In 1990, the company acquired Sharebase, originally named Britton Lee. In September 1991, AT&T Corporation acquired NCR Corporation, which announced the acquisition of Teradata for about 250 million in December. Teradata built the first system over 1 terabyte for Wal-Mart in 1992. NCR acquired Strategic Technologies & Systems in 1999 and appointed Stephen Brobst as chief technology officer of Teradata Solutions Group. In 2000, NCR acquired Ceres Integrated Solutions and its customer relationship management software for 90 million, as well as Stirling Douglas Group and its demand chain management software.