IBM Acquisition of Netezza Completed
Updated · Nov 12, 2010
IBM (NYSE: IBM) has announced the closing of its acquisition of Netezza Corporation.
According to the company’s news release on PR Newswire, Netezza will expand IBM’s business analytics initiatives to help clients gain faster insights into their business information. IBM announced a definitive agreement to acquire Netezza on September 20, 2010.
“Netezza data warehouse appliances bring analytics directly into the hands of business users within every department of an organization such as sales, marketing, product development and human resources. The simplicity of deploying Netezza appliances makes the technology ideal for the needs of high-performance analytics, requiring minimal administration and IT skills, and enables clients to run complex data queries within days of deploying the solution.”