The story
Netezza was founded in 1999 by Foster Hinshaw. The company was incorporated in Delaware on December 30, 1999 as Intelligent Data Engines, Inc.
In 2000 Jit Saxena joined Hinshaw as co-founder and the company changed its name to Netezza Corporation in November 2000.
In 2003, Netezza announced the industry's first "data warehouse appliance". Hinshaw coined the term to describe a product of shared nothing parallel nodes specifically targeted for high data volumes for modern data analytics.
In 2005, Hinshaw left Netezza to found Dataupia.In 2006, Jim Baum started at Netezza as chief operating officer.
In July 2007, Netezza Corporation had its IPO (initial public offering)) under the ticker “NZ” on NYSE Arca.
Jim Baum was appointed CEO of Netezza in January 2008 after co-founder Jit Saxena announced his retirement.
On September 20, 2010, IBM and Netezza announced that they 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.
Between 2010 and 2015, IBM released 4 generations of Netezza Appliances (TwinFin, Skimmer, Striper, Mako), reintroduced in June 2019 as the fourth generation NPS (Netezza Performance Server), part of the IBM CloudPak for Data offering (Hammerhead).
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In 2020, IBM revived Netezza as a software-as-a-service product, hosting on both Microsoft Azure and Amazon Web Services (AWS).
In August 2023, IBM Netezza picked up a table format from Apache Iceberg which would extend the reach of Netezza capabilities into a data lakehouse. Furthermore its integration with IBM watsonx.data (released in 2023) allowed it to become a hybrid compute-engine-based data lakehouse solution, extending its strategic importance even further.
From Wikipedia’s article on Netezza, shared under CC BY-SA 4.0.4
