Skimmer
Perhaps You've Heard the News?
September 20, 2010
This morning, I’m posting from the floor of Oracle Open World at the Moscone Center in San Francisco – and no, this is not yet another blog about Mark Hurd teaming up with Larry Ellison. Rather, it seems pretty safe to assume that if you’re reading this today, you’ve already heard some bit of the news of announcement by IBM and Netezza to enter into a definitive agreement for IBM to acquire Netezza. If not, then I’ve just “broken” some news to a small subset of my readers.
This is a watershed day for Netezza. I think both IBM and we look to this prospective merger as a way to take analytics mainstream by extending the IBM portfolio of workload optimized offerings. The complementary nature of IBM’s and Netezza’s existing relationship makes this ideal for our employees, customers and shareholders. Netezza appliances are developed on IBM’s systems technology and combined with IBM software they power hundreds of clients’ enterprise applications around the globe. Quoting our CEO Jim Baum, Netezza’s, “appliances have set the standard for performance and simplicity in data warehousing and analytics.”
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This Past Year and the One Ahead of Us
May 18, 2010
Our annual reports were mailed out last week. Writing the letter for the report gave me a good opportunity to reflect on this past year and the one ahead of us.
Fiscal year 2010 was a defining moment for Netezza. Against a challenging economic backdrop, we successfully launched the Netezza® TwinFin™ appliance – our most significant product line introduction to date. We dramatically extended our price/performance and simplicity advantage, reminding the industry of the impact we’ve had in our brief history. We developed significant new distribution channels, including NEC in the fast-growing Asian markets, and we held our largest user conference ever. Unlike many companies in our space, we continued to invest in our products and our people to strongly position Netezza for the anticipated economic recovery. We ended the fiscal year better positioned than ever and while we remain cautious about the economy, we can’t help but be excited by the opportunities that lie ahead.
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