Skip to main content

IBM acquires data analytics company, Netezza, for $1.7 billion

IBM has agreed to acquire data specialist Netezza Corp. for $1.78 billion, as reported by The Wall Street Journal.

The acquisition marks IBM’s expansion into the analytics business. IBM said it has invested more than $12 billion in its analytics business in the past four years, and employs 6,000 analytics consultants. IBM said the deal will boost its analytics business, which helps companies reduce the time and cost of analyzing business information. This follows a string of acquisitions that have been made around data analytics over the past couple years.

IBM said in an official statement, “Netezza strongly complements our business analytics capabilities and client base.  Together, we have the opportunity to quickly leverage the technology and accelerate the offering.”

IBM and Netezza have worked together for years, building systems that analyze large quantities of data for customers such as Amazon.com and a variety of government agencies. Globally, Netezza has more than 350 clients; the company has about 500 employees.

Netezza has benefited from trends such as the rapidly growing volume of data, the increasing strategic importance of data analysis and the tighter integration between data warehousing and transactional systems.

Netezza holders will receive $27 a share under the deal, a 9.8-percent premium to Friday’s closing price.

The deal, expected to close in the fourth quarter, comes as Netezza’s stock has more than doubled this year and has jumped from $15 at the end of August amid the 3PAR bidding war. The $1.78 billion price excludes cash on Netezza’s books.

Laura Khalil
Former Digital Trends Contributor
Laura is a tech reporter for Digital Trends, the editor of Dorkbyte and a science blogger for PBS. She's been named one of…
Prime Day 2-in-1 laptop deals: Dell, HP and more
The Dell Inspiron 14 2-in-1 laptop against a white background.

One of the more versatile options when it comes to the best Prime Day laptop deals are 2-in-1 laptops, and you'll find quite a few to choose from among the Prime Day deals going on right now, ahead of Prime Day which officially starts tomorrow. Brands like Dell, HP, and Lenovo are seeing some of their most popular 2-in-1 laptops discounted for Prime Day, and we've got the beat on the best Prime Day 2-in-1 laptop deals that you can shop right now. You'll find below our choice for the best 2-in-1 laptop Prime Day deal, as well as some other options if it's not the right fit for you. Prime Day deals are coming and going quickly, so if you see a laptop deal that works for you be sure to grab it while you can.
Best 2-in-1 laptop Prime Day deal
Dell Inspiron 14 2-in-1 laptop -- $450, was $700

The Dell Inspiron 14 2-in-1 laptop is a relatively affordable option that offers the versatility of this type of device alongside reliable performance. It's equipped with the AMD Ryzen 5 7530U processor, integrated AMD Radeon Graphics, and 8GB of RAM, which will be more than enough for daily tasks that you need to get done for work or school. The Dell Inspiron 14 2-in-1 laptop also features a 14-inch touchscreen with Full HD+ resolution for sharp details and bright colors, and it's got Windows 11 Home pre-loaded in its 512GB SSD that should provide enough storage space for your important documents.

Read more
Get a Lenovo IdeaPad 1 for just $172 ahead of Prime Day
The 14-inch Lenovo IdeaPad 1 with a shot of the sky on the screen.

We live in a world where the bigger, most expensive option is seen as the best, but that's not necessarily true. Sometimes a cheap thing that gets the job done is where it's at. And that just might be the case for this laptop. A Prime Day deal has started just a little bit early on this laptop, the Lenovo IdeaPad 1. Now $172, usually $300, you can save $128 on this laptop if you act now. We think it's the perfect laptop for taking with you wherever you go or a great distraction-free laptop to finally get some writing done on. Tap the button below to see it for yourself or keep reading to see our take.

Why you should buy the Lenovo IdeaPad 1
The Lenovo IdeaPad 1 is a laptop that will help you browse the web and get to working. It's got a 14-inch HD screen, 4GB of RAM, and 64GB of hard disk storage space. As a result, the usual distractions do not apply. It's actually going to be hard to pull out multiple programs and get lost in games and apps and movies on this computer. For the right kind of customer (you know who you are) this level of tech is truly a feature.

Read more
Best Razer Prime Day deals: powerful gaming laptops on sale
Razer Blade 15 lifestyle image on desk

There are plenty of Prime Day deals going on at the moment which can feel intimidating in the most exciting way. Fortunately, we’re here to help. We’ve narrowed things down to the best Razer Prime Day deals below. Razer is responsible for some of the best Prime Day gaming laptop deals, but it also makes some fantastic gaming mice, keyboards, and there are even Prime Day gaming chair deals. We’ve tracked them all down across all the major retailers, and listed them below. We’ve also gathered together some buying advice on what to consider when checking out a Razer gaming laptop.
Best Razer gaming laptop Prime Day deals
Razer makes some of the best gaming laptops around. In particular, its Razer Blade 15 is a big favorite as it has exceptional build quality with some great hardware under the hood. There are also options with 14-inch screens, 16-inch screens, and right up to 18-inches depending on if you want something portable or more of a desktop replacement. Razer laptops tend to veer towards the expensive side of things so that’s why it’s useful to find so many Razer gaming laptop Prime Day deals. We’ve got them all listed below.

Razer Blade 15 (Intel i7, 16GB RAM, 1TB SSD, RTX 4060) --
Razer Blade 14 (AMD Ryzen 9, 16GB RAM, 1TB SSD, RTX 4060) --
Razer Blade 15 (Intel i7, 16GB RAM, 1TB SSD, RTX 4070) --
Razer Blade 14 (AMD Ryzen 9, 16GB RAM, 1TB SSD, RTX 4070) --
Razer Blade 17 (Intel i9, 32GB RAM, 1TB SSD, RTX 3070 Ti) --

Read more