IBM to buy data firm Netezza for $1.7bn
The computing giant, which last year bought predictive analytics provider SPSS for $1bn, said “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”.
The deal is subject to shareholder approval and regulatory clearances, and is expected to close in the fourth quarter of 2010.
The two firms have been strategic partners for years, IBM said, with Netezza using IBM systems and software to provide its data services. Massachusetts-based Netezza has more than 350 clients in a variety of industries.
IBM said it has invested more than $12bn in 23 analytics-related acquisitions in the past four years, and it intends to integrate Netezza with its information management software portfolio.
We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments