Ravel Acquired By W2O Group For Big Data Technology

Austin-based Ravel, a developer of big data software, has been acquired by research and marketing firm W2O Group, W2O said Thursday, for access to the fir's big data technology and patents. Financial terms of the acquisition were not disclosed. Ravel is one of the firms which has been part of the Austin Technology Incubator. According to W2O, Ravel co-founder and Vp, Engineering Steve Blackmon, along with its development team, will join W2O Group as full time employees.