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. 0 0Authors: Robin Wauters

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