Netezza and IISi Announce Settlement of Litigation

Netezza Corporation NZ and Intelligent Integration Systems, Inc. (IISi) today announced an agreement to settle all claims involved in the on-going litigation between the companies. Under the settlement agreement, which became effective today, Netezza will have ownership of all products and related intellectual property developed by IISI for the Netezza platforms, including the geospatial product and extended SQL toolkit. IISI has retained the right to continue to develop, manufacture and distribute those products for use on other platforms. Other terms of the settlement were not disclosed and will remain confidential.