NETEZZA CORPORATION ACQUIRES NUTECH SOLUTIONS
Data Warehouse Appliance Leader Gains Business and Technical Expertise in Predictive Analytics, Optimization and Other Critical Technologies Vital to the Future of Business Analytics
Framingham, Mass. — May 15, 2008 — Netezza Corporation (NYSE Arca: NZ), today announced it has acquired privately-held NuTech Solutions, the North Carolina-based provider of advanced predictive analytics and optimization solutions. This acquisition will extend Netezza’s capabilities in advanced analytics by giving the Company greater intellectual property and expertise in this rapidly growing field.
“As companies continue to increase their focus on competing on analytics, we see a growing demand in the market for the infrastructure and tools to do these advanced analytics,” said Jim Baum, president and COO of Netezza. “By acquiring NuTech Solutions, we are not only getting the analytic expertise of 30 industry-leading scientists and engineers, but also a strong depth of knowledge across key and strategic vertical markets that will further enable our customers’ ability to gain strategic insight from their information assets.”
NuTech Solutions was founded on the cutting-edge work of several world-renowned scientists with a mission to develop truly dynamic technology solutions that could not only predict what’s coming next, but intelligently learn and adapt. According to Bud Whitmeyer, CEO of NuTech Solutions, “Netezza’s acquisition of our company joins the forces of two innovative companies to apply next-generation algorithms and models to maximize the growing volumes of data organizations collect.”
NuTech Solutions will continue to serve its current and future customers as an independent division of Netezza. They have a presence in automotive, consumer goods, national security, petroleum/energy and natural resources, and will continue their operations in Dortmund, Germany and Warsaw, Poland.
About NuTech Solutions
NuTech Solutions, Inc. delivers innovative solutions, powered by Intelligent
Business Engines™ that forecast, optimize and learn – delivering
insight and measurable results to Global 1000 companies. Our solutions are designed
to solve complex problems in a variety of industries, including automotive,
consumer goods, petroleum/energy, natural resources and national security.
Based in Charlotte, N.C. and with offices around the world, NuTech Solutions’ clients include General Motors, BMW, Oxy, Beiersdorf, BB&T, Ford Motor Company, ChevronTexaco, Air Liquide and many U.S. Government Departments and Agencies, including the Department of Defense. For more information call (704) 943-5400 or visit www.nutechsolutions.com.
About Netezza Corporation
Netezza is the global leader in data warehouse and analytic appliances that
dramatically simplify high-performance analytics for business users across the
extended enterprise, delivering significant competitive and operational advantage
in today’s information-intensive marketplaces. The Netezza Performance
Server® (NPS®) family of streaming analytic™ appliances brings
appliance simplicity to a broad range of complex data warehouse and analytic
challenges. Customers who have realized the benefits of Netezza appliances include
Ahold, Amazon.com, CNET Networks, Debenhams, Department of Veterans Affairs,
Epsilon, Nationwide, Neiman Marcus, Orange UK, Premier, Inc., Ross Stores, Ryder
System, Inc., The Carphone Warehouse, The Sherwin-Williams Company and Virgin
Media. Based in Framingham, Mass., Netezza has offices in Washington, DC, the
United Kingdom and Asia Pacific. For more information about Netezza, please
visit www.netezza.com.
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Netezza, Netezza Performance Server, NPS and streaming analytic are trademarks of Netezza Corporation. Other names may be trademarks of their respective owners.
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