IBM Makes Offer for Netezza
Nothing is final, but it looks like Netezza could be part of the IBM empire:
International Business Machines Corp. (IBM) agreed to acquire data specialist Netezza Corp. (NZ) in a deal valued at $1.7 billion, as Big Blue expands its analytics business.
Netezza provides technology that allows companies and government agencies to quickly analyze huge amounts of data-something IBM says will give it an advantage in its analytics business.
Netezza offers “a much simpler way to get started on analytics and data warehousing than anyone else in the industry,” said Arvind Krishna, IBM general manager for information management. He told Dow Jones Newswires Netezza’s system can be operated by one person instead of “an army of people” and that it provides increased performance at a lower cost. Of course, Netezza does spatial as well so it will be interesting to see what happens in this space with the IBM R&D behind it.
The big news tonight though is Hawaii Five-0 is back!