- Teradata (TDC -1.3%) today says it's disposing of its marketing applications business in a deal worth $90M.
- The company is selling the business to Marlin Equity Partners via its affiliate TMA. There's no financing condition on the deal and it's expected to close in Q2.
- Teradata had said in the fall that it intended to exit the business, which it had acquired in a $525M deal for Aprimo in 2010, so that it could focus on its data/analytics business.
- Now read Teradata: Has Light Been Seen At The End Of The Tunnel? »