IBM buys Netezza for £1.1bn to expand business analytics

News

IBM buys Netezza for £1.1bn to expand business analytics

Jenny Williams

IBM is to acquire data warehouse appliance provider Netezza for $1.7bn (£1.1bn) to provide IBM customers with increased performance and faster insights into business information.

The acquisition is expected to be completed in the fourth quarter of 2010 and is subject to Netezza shareholder approval. IBM plans to integrate Netezza into its portfolio of information management software.

"IBM is bringing analytics to the masses. It's no longer just the CIO - every single department from finance to marketing professionals is tapping into the capabilities of analytics to draw meaningful insights," said Arvind Krishna, general manager, information management at IBM.

"The addition of Netezza will reinforce IBM's focus in understanding clients' needs by providing them a broader set of analytics capabilities and bringing the power of analytics right into the hands of business users at every level within an organisation," added Krishna.

According to IBM, it has invested more than $12bn (£7.7bn) in 23 analytics-related acquisitions since 2006.


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy