Will Scully-Power


IBM Acquires yet another DATA company for $1.7 Billion
September 20, 2010, 10:32 pm
Filed under: #mktgcloud, Datarati | Tags: ,

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.

More: http://techcrunch.com/2010/09/20/ibm-buys-data-warehousing-appliance-maker-netezza-for-1-7-billion

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