Related News
IBM seals deal to buy Netezza for US$1.7b
By Andrew Vanacore |
September 22, 2010, Wednesday
|
Print Edition
Print Edition
IBM Corp said on Monday it has agreed to pay US$1.7 billion for Netezza Corp, a company that helps businesses sort through data on corporate servers.
The deal would help IBM expand in an area known as "analytics," where the company sees a major source of growth over the next few years. IBM expects to grow annual revenue from analytics services, software and hardware sales to US$16 billion by 2015, up from US$9 billion last year. It estimates the total annual market now amounts to roughly US$100 billion.
IBM has been pushing into the analytics business through acquisitions. The company says it has spent US$12 billion on 23 separate analytics companies over the past four years.
Its biggest takeover in 2009 was a US$1.2 billion deal for SPSS Inc, a company that manufactures analytics software for predicting future trends.
Netezza's software and hardware systems are designed to help companies use data about their businesses to make strategic decisions.
The British TV, Internet and phone service provider Virgin Media Inc uses the technology to quickly assess how price changes or tariffs are affecting sales.
United States-based Netezza, which employs about 500 employees, also lists Neiman Marcus, Time Warner Inc and NYSE Euronext Inc among its customers.
IBM is offering US$27 per share for Netezza, a 10 percent premium over Friday's closing share price of US$24.60.
Big tech manufacturers have been snapping up smaller companies as they compete with one another to broaden the types of products and services they offer corporate clients.
Earlier this month Hewlett-Packard Co topped Dell Inc in a bidding war for data storage company 3Par Inc when it paid US$2.07 billion for it.
Then last week, HP said it would also buy the network security company ArcSight Inc for US$1.5 billion, branching into an industry where IBM has also made acquisitions over the past few years.
The deal would help IBM expand in an area known as "analytics," where the company sees a major source of growth over the next few years. IBM expects to grow annual revenue from analytics services, software and hardware sales to US$16 billion by 2015, up from US$9 billion last year. It estimates the total annual market now amounts to roughly US$100 billion.
IBM has been pushing into the analytics business through acquisitions. The company says it has spent US$12 billion on 23 separate analytics companies over the past four years.
Its biggest takeover in 2009 was a US$1.2 billion deal for SPSS Inc, a company that manufactures analytics software for predicting future trends.
Netezza's software and hardware systems are designed to help companies use data about their businesses to make strategic decisions.
The British TV, Internet and phone service provider Virgin Media Inc uses the technology to quickly assess how price changes or tariffs are affecting sales.
United States-based Netezza, which employs about 500 employees, also lists Neiman Marcus, Time Warner Inc and NYSE Euronext Inc among its customers.
IBM is offering US$27 per share for Netezza, a 10 percent premium over Friday's closing share price of US$24.60.
Big tech manufacturers have been snapping up smaller companies as they compete with one another to broaden the types of products and services they offer corporate clients.
Earlier this month Hewlett-Packard Co topped Dell Inc in a bidding war for data storage company 3Par Inc when it paid US$2.07 billion for it.
Then last week, HP said it would also buy the network security company ArcSight Inc for US$1.5 billion, branching into an industry where IBM has also made acquisitions over the past few years.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
