Source :Bloomberg, Sep 21, 2010, 04.39am IST
International Business Machines Corp, the world`s largest computer-services provider, agreed to buy Netezza for about $1.7 billion to gain analytics technology. Netezza investors will receive $27 a share in cash, IBM said on Monday in a statement.
That`s a 9.8% more than the Marlborough, Massachusetts-based company`s September 17 closing price.
IBM CEO Sam Palmisano said in May he is planning to spend $20 billion on buyouts in the next five years, investing in markets such as analytics software, which helps companies predict trends.
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