IBM has agreed to acquire data warehousing firm Netezza for approximately $1.7 billion. The acquisition, which is subject to Netezza shareholder approval, is expected to close in the fourth quarter of 2010. Netezza specializes in data warehouse analytics, and competes in the space with companies such as Teradata and Oracle. The move also follows EMC’s purchase of Greenplum along similar lines earlier this year.
According to IBM, the buy will build on the existing relationship the companies have. Netezza designs and develops its appliances on IBM systems technology, and the two companies have been “strategic partners” for years, focusing on workload-optimized systems that “deliver integrated systems, software and storage for analyzing vast amounts of complex data.”
For more, read the eWeek Article, IBM to Buy Netezza for Data Warehouse Analytics.