IBM is looking to expand its business analytics offerings and is willing to spend big bucks to do it. To prove it, Big Blue just went and dropped $1.7 billion acquiring Netezza, a provider of data warehouse appliances.
"IBM is bringing analytics to the masses," said Steve Mills, senior vice president and group executive, IBM Software and Systems, in a statement. "We continue to evolve our capabilities for systems integration, bringing together optimized hardware and software, in response to increasing demand for technology that delivers true business value."
Wheeling and dealing in the data warehousing sector has become a trend as of late, if not a highly competitive one. IBM's acquisition of Netezza comes just a month after HP and Dell engaged in a heated bidding war over data storage company 3Par. Arvind Krishna, IBM's general manager for information management, wouldn't say whether or not the public bidding war for 3Par prompted IBM to go after Netezza, saying only that the two firms have been partners for a few years now.