IBM to Buy Netezza for $1.7B



By Om Malik, GigaOm

“The era of Big Data arrived in full earnest this week when IBM decided to acquire Marlborough, Mass.,-based Netezza Corporation, a maker of data warehousing analytics for a whopping $1.7 billion in cash. IBM’s decision came hours after Oracle announced a cloud-based Exadata Elastic Service at Oracle World in San Francisco.

IBM is offering $27 a share for the Neteeza and hopes that the smaller company would help with its growing business analytics. Over the past four years, IBM has invested more than $12 billion in 23 analytics related acquisitions.”

Read More…