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IBM Acquires Netezza

GRC Announcements | September 24, 2010

IBM in a press release dated Sept. 20 announced that it has entered into a definitive agreement to acquire Netezza, an analytics provider based in Marlborough, Mass., in a cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash. The acquisition, still subject to shareholder approval and other customary closing conditions, is expected to close in the fourth quarter of 2010.

Netezza is expected to expand IBM's business analytics initiatives to help clients gain faster insights into their business information, with increased performance at a lower cost. IBM and Netezza have been strategic partners for many years focused on workload optimized systems that deliver integrated systems, software and storage for analyzing vast amounts of complex data.

Both IBM and Netezza see the importance of integration from the multiprocessor through...

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