Netezza

History

2019: Netezza closing

On June 30, 2019 IBM finally contracted business on release of the equipment for storage and data analysis of Netezza which prisustvovat in the market about 15 years. The American corporation stopped support of all released devices and will not release new. The Netezza brand is liquidated.

This equipment well served us, but with development of technologies great time for updating, said in the short statement of IBM devoted to closing of the Netezza direction came.

IBM contracted business on release of powerful DWH complexes which purchased for $1.7 billion

They solved a real problem, a performance concern, and they were quicker than competitors — the technical director of the German Exasol DBMS developer Mathias Golombek remembers.

Netezza won reputation of the product provider with a high performance which was provided at the expense of programmable logic integrated circuits (FPGA) (were added with the patented process of hardware acceleration) long before these chips found wide popularity. FPGA are usually programmed on accomplishment only of one task, but they cope with it well. In a case with Netezza chips were configured on accomplishment of analytical requests, writes the The Register edition. IBM did not release the new equipment Netezza since 2014.^[1]

2010

IBM purchased Netezza for $1.7 billion

In 2010 Netezza was purchased by IBM for $1.7 billion. After Netezza sale the servers created on orders were replaced standard a blade systems of IBM that allowed to reduce cost. FPGA processors remained.

191 large customers

For 2010 a main product of Netezza was MPP data warehouse. One of the main differences of Netezza technology the fact that it is based on FPGA and PowerPC processors, but not standard chips of Intel. Generally the company works at the market of the USA and Great Britain with such vertical industries as retail, telecommunications, financial structures and health care. Has about 191 large customers.

Customers of Netezza are Virgin Media, Neiman Marcus, Time Warner and NYSE Euronext at this time. Virgin Media, in particular, applies the Netezza system to the analysis of how the change in price and rates influences sales.

2007: Carrying out IPO

In July, 2007 the Netezza company came for the IPO.

1999: Creation of the company

For the Netezza company founded in 1999 everything began well. It developed the equipment providing the mass and parallel analysis of very Big Data. During the blossoming the producer competed with Teradata, Oracle and HP.

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