Condé Nast parent company jumps into big data market with 1010data purchase

Advance, a global media group that owns the Condé Nast group of consumer publications, has ventured into the realm of data analysis, purchasing New York-based analytics firm 1010data for $500 million.

Advance plans to infuse 1010data with capital to expand its operations, so it can take on more of the growing market for big data-styled analysis services.

Sandy Steier, 1010data co-founder and CEO, said in a statement issued Monday that there will be no disruption to its customers,...

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