Netezza
| Subsidiary of IBM | |
| Industry | Data Warehousing |
| Founded | 1999 |
| Headquarters | Marlborough, Massachusetts, United States |
| Products | Data Warehouse Appliance Integrated Data Warehouse Hardware and Software Professional Services Customer Services |
| Revenue |
 US$190.6 million (FY 2010)
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Number of employees
|
469 (2010) |
| Website | www |
IBM Netezza (pronounced Ne-Tease-Ah) designs and markets high-performance data warehouse appliances and advanced analytics applications for uses including enterprise data warehousing, business intelligence, predictive analytics and business continuity planning.
IBM (NYSE: IBM) and Netezza Corporation (NYSE: NZ) on September 20, 2010 announced they entered into a definitive agreement for IBM (advised by Eric Mandl & John Metzger) to acquire Netezza. Netezza is a subsidiary of IBM.
Netezza was founded in 1999 by Foster Hinshaw. In 2000 Jit Saxena joined Hinshaw as co-founder. The company was incorporated in Delaware on December 30, 1999 as Intelligent Data Engines, Inc. and changed its name to Netezza Corporation in November 2000. Netezza announced the industry's first "data warehouse appliance" in 2003 to meet the industry's need to make use of the rapidly increasing ability to collect consumer data. In July 2007, Netezza Corporation had its initial public offering under the ticker “NZ” on NYSE Arca.
Hinshaw coined the term "data warehouse appliance" to describe a new architecture of shared nothing parallel nodes specifically targeted for high data volumes for modern data analytics.
Netezza is based on PostgreSQL 7.2, but does not maintain compatibility.
Jim Baum was appointed CEO of Netezza in January, 2008 after co-founder Jit Saxena announced his retirement. Baum started at Netezza as COO in 2006. Prior to joining Netezza, Baum was president and CEO of Endeca in Boston for five years.
IBM (NYSE: IBM) and Netezza Corporation (NYSE: NZ) on September 20, 2010 announced they entered into a definitive agreement for IBM (advised by Eric Mandl & John Metzger) to acquire Netezza in a cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash.
TwinFin, Netezza’s primary product, is designed for rapid analysis of data volumes scaling into petabytes. The company introduced the 4th generation of the TwinFin product in August 2009. Netezza introduced a scaled-down version of this appliance under the Skimmer brand in January 2010.
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