Home Apparel Twitter map of APP logo

Apparel Magazine

CONTACT US | SUBSCRIBE | NEWSLETTER | RSS Feeds RSS FEEDS

Welcome, Guest |   Sign In   |   Register  
Apparel Magazine
 
Print Email Page RSS Feeds

Posted Date: 10/5/2010

IBM to Buy Netezza

IBM has announced its intention to acquire Netezza Corporation for net price of approximately $1.7 billion, after adjusting for cash.

The move is aimed at accelerating IBM's business analytics portfolio, which serves one of the fastest growing segments in the overall IT industry with a market opportunity of $100 billion by 2010. IBM CFO Mark Loughridge recently cited analytics as a key growth driver for the company with $16 billion in projected revenue for business analytics by 2015. 

IBM reports that is taking analytics mainstream: It's no longer just the CIO -- every department from finance to marketing professionals is tapping into analytics to draw meaningful insights for business success. IBM reports that Netezza's technology will it bring the power of analytics directly into the hands of business users within every department of an organization -- sales, marketing, product development and human resources -- and into midsized enterprises. The technology combines software, storage and systems into a integrated appliance that can be up and running in a matter of hours and manage complex queries in just seconds.
The complementary nature of IBM and Netezza's existing relationship makes this acquisition a good fit for employees, clients and shareholders, IBM reports. Netezza's appliances are developed on IBM's systems technology and, combined with IBM software, power hundreds of clients applications around the globe.

While Netezza will open up new doors for IBM, IBM will put the full power of its global sales force and services expertise as well as its presence in 170 countries to help increase sales of Netezza's offerings around the world. This is one of the strengths of IBM's overall business and acquisition strategy. Netezza has been a strategic partner of IBM for many years with Netezza appliances built on IBM Systems.

Today, more than 350 clients across a variety of industries have adopted Netezza, including eHarmony, Neiman Marcus, Time Warner, Estee Lauder, Blue Cross Blue Shield of Massachusetts, United HealthGroup, Nationwide Insurance, Sapporo and others.

Over the past four years, IBM has invested more than $12 billion in 23 analytics related acquisitions. Today, more than 6,000 IBM industry consultants are dedicated to analytics, and in IBM's second-quarter of 2010, IBM's analytics business grew 14 percent.

IBM plans to integrate Netezza into its Software Group, which is expected to generate almost half of the company's profits by 2015.

Rate this Content (5 Being the Best)
12345
Current rating: 0 (0 ratings)

 


Discover How To Keep Up With More of Your Mobile Customers
6/24/2014 11:00:00 AM (EST)
Moderator:
Susan Nichols, Publisher, Apparel Magazine
Panelists:
Ron Klein, "Total Retail" Service Leader, PwC Advisory
Annabelle Hoover, Director of Customer Service, North America, BROOKS SPORTS, INC.
Marie-Pascale Authie, Solution Consultant, Infor Fashion
Bob McKee, Industry Strategy Director, Infor Fashion
View On Demand

Planning in the Omnichannel World with a Single View of Inventory
5/13/2014 11:00:00 AM (EST)
Moderator:
Susan Nichols, Publisher, Apparel Magazine
Panelists:
Rich Pedott, Partner, Columbus Consulting
Peter Charness, SVP America’s & CMO, TXT MAPLE LAKE
View On Demand

Virtual Fitting - What is Possible? Virtual Fitting - What is Possible?
8/1/2014
Customer and market-driven products are the main objective for success. The route taken to achieve that objective must be constantly shortened, making processes faster and more cost-efficient. This specifically requires using the right processes and technologies, for example, increasing the effectiveness of prototyping through virtual 3D. We invite you to learn more about the capabilities of today's virtual fitting technology.
Download Now

The Reinvention of B2B eCommerce The Reinvention of B2B eCommerce
5/1/2014
Online sales and marketing vehicles are one of the most important channels fashion has for engaging with customers, but optimizing the value of your electronic interactions can be a complex undertaking. Front-end websites must be user-friendly and smart, but just as critical is tight integration to the back office systems used to produce, manage, and control the products you sell. If you cannot create an online platform that delivers across all fronts, you’re missing critical opportunities to engage with customers, increase sales, and extend your market reach across global time zones. Read this White Paper – authored by Bob McKee, Infor Industry Strategy Director, where he will share insights into the eCommerce market and just how Fashion companies can deliver on a 24/7 sales economy.

Download Now



MEDIA KIT | EDITORIAL BOARD | PRIVACY STATEMENT | TERMS & CONDITIONS | CONTACT US
All materials on this site Copyright Edgell Communications. All rights reserved.