IBM Acquires Netezza
IBM Acquires Netezza (NZ) for $1.7 Billion
IBM has agreed to buy Netezza for $1.7 billion. IBM is looking to expand its analytics business, and Netezza does just that.
Analytics and data warehousing are expanding as companies take user research more seriously. Such analytic work, though, requires lots of storage space and processing power, as well as the know-how to make sense of the data collected. IBM figured that it was easier and cheaper to acquire Netezza than to develop such business elements from within Big Blue.
Netezza offers "a much simpler way to get started on analytics and data warehousing than anyone else in the industry," said Arvind Krishna, IBM general manager for information management. He told Dow Jones Newswires Netezza's system can be operated by one person instead of "an army of people" and that it provides increased performance at a lower cost.