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
Click it and Unblock the Notifications
Sign in with Google