Stock Market Watch

IBM Acquires Netezza

by ·

IBM (NYSE:IBM) has completed acquisition of Netezza to increase its strength in the business analytics initiatives. Netezza specializes in bringing a higher degree of control over the costs of running a business into the hands of business users. This will add perfectly to IBM’s (NYSE:IBM) business information division that works to increase performance at a lower cost.


The news of acquisition of Netezza by IBM (NYSE:IBM) first surfaced in Sep 20, 2010. The deal was closed for an undisclosed amount. This is IBM’s (NYSE:IBM) 24th acquisition in the past 4 years, where it acquired companies worth $14 billion in total. Netezza’s management software will be implemented in to IBM’s (NYSE:IBM) own Info Management software.



Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...