Framingham, Mass.—March 9, 2004—Netezza Corporation is listed as a “Challenger” in the META Group’s METAspectrum(sm) Evaluation of the Enterprise Data Warehouse (EDW) market. The report states EDW “has become a critical market as companies feel increasingly pressured to streamline business processes and make better, faster decisions.”
Netezza’s placement in the METAspectrum is the result of a strong 2003, a year in which the Company experienced rapid growth and significant demand for its NPS data warehouse appliance. Over the past year, Netezza signed major customer wins in a number of key vertical markets, including telecommunications, retail, life sciences and healthcare. Customers include: AT&T Wireless, Orange UK, The TJX Companies and Premier, Inc. Netezza also secured a third round of venture funding, bringing its total to $53 million, and was the recipient of a number of prestigious industry awards.
“Since introducing our ground-breaking technology in early 2003, we’ve experienced tremendous growth, customer satisfaction and strong partnerships,” said CEO Jit Saxena. “We are especially excited at how quickly new customers are coming back to purchase additional NPS systems. These industry-leading companies have experienced how easy it is to deploy and manage the NPS system and they derive extraordinary value from the performance boost it delivers to their business intelligence efforts. The impact of Netezza’s disruptive technology continues to spread.”
According to the METAspectrum report, “Success hinges on the quality of the information and the speed with which it can be collected and processed. Timely and accurate business analytics are likely to differentiate winners from losers in any market. The best information provides management the best opportunity to make good decisions.”
The NPS system architecturally integrates servers, storage and a relational database into a single powerful, enterprise-class appliance created from the outset to process queries faster and enable complex analysis that was not previously possible because of large and fast-growing data sizes. This unprecedented analysis enables companies to harness information located in tens, even hundreds, of terabytes of data in order to lower costs, reduce risk and fraud, strengthen customer relationships and keep pace with ever-changing market trends.
Click here to read the Netezza portion of the METAspectrum.
About Netezza Corporation
Netezza is a fast-growing provider of enterprise-class data warehouse appliances
that deliver breakthrough performance and ease-of-use at a fraction of the cost
of traditional data warehouses. The Netezza Performance Server™ (NPS™)
system enables Fortune 1000 customers with terabytes of dynamic, detailed data
to dramatically simplify event he most complex Business Intelligence (BI) initiatives.
By architecturally integrating database, server and storage within a single
appliance, the NPS system delivers 10 to 50 times the performance at half the
cost of existing systems. The NPS appliance is being used by data-intensive
organizations in telecommunications, financial services, retail, the life sciences,
government and other markets to enable faster, more sophisticated analysis while
allowing companies to leverage their existing infrastructure. Founded in 2000
and based in Framingham, Mass., the Company has raised more than $53M from leading
venture capital firms, including Matrix Partners, Charles River Ventures, Battery
Ventures, Orange Ventures and Sequoia Capital. For more information about Netezza,
please visit www.netezza.com.
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