![](http://si.wsj.net/public/resources/images/BN-JR511_1010da_D_20150803125415.jpg)
- 1010data President Greg Munves, CEO Sandy Steier, Chairman and CTO Joel Kaplan
- 1010data
Advance/Newhouse has acquired
1010data Inc. for $500 million, VentureWire has learned, indicating the growing interest in technologies that can process very large amounts of data.
Advance/Newhouse is an affiliate of the media group Advance Publications, which operates the cable company Bright House Networks, Conde Nast magazines, various local newspapers and American City Business Journals. Advance also holds an interest in Discovery Communications Inc. and the website Reddit Inc.