IBM to Acquire Netezza for $1.7 Billion

IBM IBM and Netezza Corporation NZ today announced they have entered into a definitive agreement for IBM to acquire Netezza in a cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash. Netezza will expand IBM's business analytics initiatives to help clients gain faster insights into their business information, with increased performance at a lower cost.