IBM to Acquire Netezza

IBM to Acquire NetezzaExpands Business Analytics Capabilities Through Workload Optimized Systems

ARMONK - 20 Sep 2010: IBM (NYSE: IBM) and Netezza Corporation (NYSE: NZ) today announced they have entered into a definitive agreement for IBM to acquire Netezza, a publicly held company based in Marlborough, Mass., 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. 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.
http://www-03.ibm.com/press/us/en/pressrelease/32514.wss