Monday, September 20, 2010

IBM to buy Netezza for $1.7B - Mass High Tech Business News

So Netezza was in play, and it looks like the acquisition premium was, for the most part, already reflected in its stock price.  It’ll be interesting to see if Teradata is the next to leave the dance floor.  Of course, considering recent adventures such as the Dell/HP bidding war over 3PAR, it’s also possible IBM’s won’t be the final offer for Netezza.

Netezza Corp., a Marlborough maker of data warehouse appliances for complex analytics, has agreed to be bought by IBM Corp. in a cash deal worth approximately $1.7 billion. According to IBM, this will give the New York-based giant an “easy to use” appliance for its growing analytics business.

IBM to buy Netezza for $1.7B - Mass High Tech Business News

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