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


Leave a Comment so far
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: