IBM ready to pay $1.7 billion to Netezza
The new move by the IT company expanded its wings in "analytics," where the company sees a major source of growth over the next few years.
IBM expects to grow annual revenue from analytics services, software and hardware sales to $ 16 billion by 2015, up from $ 9 billion in 2009.
The company also estimates the total annual market now amounts to roughly $ 100 billion.
IBM has been pushing into the analytics business through acquisitions. Its biggest takeover in 2009 was a $ 1.2 billion deal for SPSS Inc, a company that makes analytics software for predicting future trends.
OneIndia News
More From
-
LPG Crunch: Karnataka Brings New SOPs, Makes PNG Registration Mandatory for Businesses -
Hyderabad Gold Silver Rate Today, 30 March 2026: Check Fresh 24K, 22K, 18K Gold And Silver Prices In City -
Opinion Poll For Kerala Assembly Election 2026: Ldf Strength In Kannur And Kasaragod -
Tamil Nadu Polls 2026: Vijay Reveals Rs 645 Crore Assets, Rs 266 Crore in Banks; Know All His Declaration -
Mumbai Metro Line 9 Set for April 3 Launch, Dahisar-Mira Bhayandar to Get Direct Boost -
Trump Hints At Breakthrough With Iran Amid War Escalation, Calls Recent Move A ‘Sign Of Respect’ -
Rahul Arunoday Banerjee Autopsy Report: Actor Was Underwater For Over An Hour, Sand Found In Lungs -
West Bengal Assembly elections: Election Commission transfers heads of 173 police stations -
Delhi Weather Brings Relief: IMD Issues Yellow Alert For Rain, Thunderstorms And Gusty Winds; Check Forecast -
Tamil Nadu Elections 2026: Vijay Files Nomination Same Day as MK Stalin, Sets Up Symbolic Political Face-Off -
Too Close To Call? 57 Key Seats Could Decide West Bengal Election 2026 As TMC And BJP Gear Up For Tight Battle -
Kim Jong Un Oversees New Solid-Fuel Missile Engine Test, Claims Capability To Reach US Mainland
Click it and Unblock the Notifications
Sign in with Google