IBM and Netezza Corporation announced they have entered into a definitive agreement for IBM to acquire Netezza, a publicly held company 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. Netezza will expand IBM's business analytics initiatives to help clients gain faster insights into their business information, with increased performance at a lower cost.
The acquisition, which is subject to Netezza shareholder approval, applicable regulatory clearances and other customary closing conditions, is expected to close in the fourth quarter of 2010.
Netezza provides a family of data warehouse appliances and software products that allow you to easily deploy high-performance data analytics across your enterprise.
The product family comprises of:
- Skimmer: Ideal as an application specific appliance, a small data mart or a development system.
- TwinFin: High-performance data warehouse for business analytics
- Cruiser: Built for queryable archives and DR consolidation. Available late 2010.
- Mantra: Provides real-time auditing, monitoring, reporting and theft detection for critical data assets.
Netezza provides an alternative to large teams of database administrators to tune enterprises databases to make them respond better to complex queries, by deploying purpose-built data warehouse appliances that solve business problems. Netezza data warehouse appliances are installed quickly and easily, integrate with your preferred ETL and BI tools and can be largely left alone to get on with the job.
IBM press release announcing the acquisition can be found here