SHARE
Facebook X Pinterest WhatsApp

IBM to Buy Netezza

Sep 21, 2010

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.

Recommended for you...

What do Amazon, Microsoft, Meta, and IBM Have in Common? Tape Storage
Drew Robb
Aug 15, 2022
What Does Quantum Computing Mean for IT?
Devin Partida
Aug 11, 2022
Solving the Video Surveillance Retention Challenge 
Drew Robb
Jul 28, 2022
Top 6 IT Challenges in Healthcare
Lauren Hansen
Jun 21, 2022
CIO Insight Logo

CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need to maintain regulatory compliance for their teams and organizations. CIO Insight is an ideal website for IT decision makers, systems integrators and administrators, and IT managers to stay informed about emerging technologies, software developments and trends in the IT security and management industry.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.