September 20, 2010 by staff
Netezza, IBM announced it is acquiring in Netezza and 27 per share or approximately 1.7 billion and to expand its businessanlysis initiatives.
Netezza providesanlysis on a data storage device. IBM said that the combined forces of the companies are a key differentiator “at a time when organizations of all sizes are looking for a better understanding of their business information.”
Companies and Strategic Partners have been for years, with design and Netezza development of its technology in IBM systems.
“IBM is bringinganlysis to the masses,” says Steve Mills, senior vice president and group executive of IBM Software and Systems. “We continue to evolve our systems integration capabilities, so that the optimized hardware and software together, in response to the growing demand for technology that delivers real business value.”
“Netezza is a perfect example of this approach. Netezza strongly complements ouranlytical capabilities of business and customer base,” he adds. “Together, we have the opportunity to leverage technology to accelerate quickly and supply.”
IBM says it has over 6,000 consultants dedicated toanlysis. In the past four years, the company has invested over 12 billion in 23 acquisitions and relatedanlysis.
After the closing of the acquisition, IBM intends to integrate Netezza within its software portfolio of Information Management. Netezza has approximately 500 employees worldwide.
The acquisition is subject to shareholder and regulatory approval Netezza.
Netezza is being investigated by a national securities firm headed by former federal judge, in relation to the proposed acquisition. The company is investigating whether proper Netezza purchases the company before signing the agreement.
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