IBM Completes Netezza Acquisition

Nov 16, 2010

IBM completed the acquisition of Massachusetts-based Netezza, a creator of data warehouse appliances with which IBM initiated a definitive acquisition agreement in late September. Netezza's appliances are geared towards analytics, and the two companies had been strategic partners for several years.

According to IBM, the company will be integrated into its Information Management software portfolio. According to a statement from the company, the acquisition is part of IBM's push to invest heavily in analytics capabilities, evidenced by a reported 14% growth in its analytics business in 3Q of 2010.