I.B.M. Bids $1.7 Billion for Data Company

I.B.M. agreed on Monday to buy Netezza, a data warehouse company, for $1.7 billion in cash, highlighting how much the fast-growing field of business intelligence is increasingly both a hardware and a software technology.

Netezza, based in Marlborough, Mass., makes computer appliances that combine hardware and software for business analytics, also known as business intelligence.

Both terms refer to using computing to pluck useful answers and business insights from the explosion of data created by the Web, sensors, e-mail, purchase transactions, call center reports and other sources.

Read Full Article from New York Times

- Posted: 2010-09-20 22:44:50

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