IBM Buys Data Warehousing Appliance Maker Netezza For $1.7 Billion

Data warehouse appliance company Netezza had been rumored to being close to getting acquired for a while, and this morning it turned out IBM is the one on the buying side. Big Blue is acquiring the company in cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion , after adjusting for cash. Netezza, which boasts approximately 500 employees around the world, provides high-performance analytics in a data warehousing appliance.