By Administrator | September 20, 2010
IBM is purchasing MA-based, Netezza. Justin Lindsey, CTO Netezza was the 2009 Winner of the MIT Sloan CIO Symposium Award for Innovation Leadership. We are pleased that IBM also recognizes the excellence in Netezza that we saw back in 2009!
…”Data warehouse appliance company Netezza had been rumored to being close to getting acquired for a while, and this morning it turned out IBM is the one on the buying side. Big Blue is acquiring the company in cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash. Netezza, which boasts approximately 500 employees around the world, provides high-performance analytics in a data warehousing appliance.The acquisition of Netezza expands IBM’s information and analytics offerings, including services available through IBM’s Business Analytics and Optimization Consulting organization. Following the close of the acquisition, IBM intends to integrate Netezza within its Information Management software portfolio.”
Read more here.