Teradata discloses FCPA investigation

Teradata Corporation said in an SEC filing Friday that it discovered "questionable expenditures for travel, gifts and other expenses" at a subsidiary doing business in Turkey.

Ohio-based Teradata develops and sells enterprise software for database management.

The company said in the disclosure posted Friday by FCPA Tracker that it discovered the questionable expenditures "through internal processes."

Teradata has about 10,000 employees. Revenues last year were $2.3 billion.

The company said it contacted the SEC and DOJ in late February 2017, "to alert them to the relevant events and the . . . internal investigation."

It launched the investigation "promptly" and hired outside counsel and forensic accountants to determine if there are violations of the FCPA or other anti-corruption laws.

Teradata said it has "periodically updated the government" about the status of the internal investigation and findings, "including remedial actions and terminations, and plans to continue to cooperate fully."

Friday's disclosure said the individuals involved in the conduct are no longer with Teradata.

The company said its operations in Turkey amounted to "less than one half of one percent of consolidated revenues each year" since 2012.

Teradata Corporation trades on the New York Stock Exchange under the symbol TDC.

FCPA Blog | Monday, 7 August, 2017
http://www.fcpablog.com/blog/2017/8/7/teradata-discloses-fcpa-investigation.html