ARMONK, N.Y., — Nov. 11, 2010 —
IBM (NYSE: IBM) today announced
the closing of its acquisition of Netezza Corporation. 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 of ownership. IBM announced a definitive agreement to
acquire Netezza on September 20, 2010.
Netezza data warehouse appliances bring analytics directly into the
hands of business users within every department of an organization such
as sales, marketing, product development and human resources. The simplicity
of deploying Netezza appliances makes the technology ideal for the needs
of high-performance analytics, requiring minimal administration and
IT skills, and enables clients to run complex data queries within days
of deploying the solution.
A recent Global IBM Study revealed that 83 percent of CIO's identified
analytics as a top priority. The combined strengths of IBM and Netezza
are a key differentiator at a time when organizations of all sizes are
looking to gain more insight from their business information.
IBM and Netezza have been strategic partners for many years and will
continue to focus on delivering workload optimized systems that provide
integrated software, servers and storage for analyzing vast amounts
of complex data.
In the last 4 years, IBM has invested more than $14 billion in 24 acquisitions
to expand its analytics capabilities. IBM has also dedicated more than
7,000 business consultants with industry expertise to help clients understand
their data and put this information to use and launched a network of
analytics solution centers across the globe. In IBM's third-quarter
of 2010, IBM's analytics business grew 14 percent.
Netezza will be integrated into IBM's Information Management software
portfolio and the many industry offerings already available. This technology
will also be an essential component of the smarter business systems
that IBM is helping companies and organizations build to help address
the complex challenges presented by the exponential growth of data.
For more information on IBM Business Analytics, please visit the online
press kit: http://www.ibm.com/press/us/en/presskit/27163.wss
Follow IBM and Analytics on Twitter: http://twitter.com/ibmbizanalytics
Follow IBM analytics on Tumblr: http://smarterplanet.tumblr.com/tagged/new_intelligence
IBM YouTube Analytics Channel: http://www.youtube.com/user/ibmbusinessanalytics
For more information on IBM Smarter Systems: http://www-03.ibm.com/systems/smarter/
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