IBM acquires Netezza for $1.7 billion

By Emil
Sep 20, 2010
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  1. IBM has announced it will acquire data warehouse appliance company Netezza in a deal valued at approximately $1.7 billion. More specifically, IBM is offering $27 per share for Netezza, a 10 percent premium over Friday's closing share price of $24.60. The two companies have already worked together in the past, assembling systems designed to analyze large amounts of complex data. The acquisition still requires approval from Netezza's shareholders, but IBM expects the deal to close i...

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  2. KG363

    KG363 TS Maniac Posts: 514   +9

    I had no idea that IBM made that much money
  3. IBM is absolutely tremendous in size.

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