Feeds

Netezza stock on the block

Seeks position as cash warehouse

Top 5 reasons to deploy VMware with Tegile

Data warehouse appliance maker Netezza seeks $100m with an initial public offering on the Nasdaq.

Netezza filed the IPO registration statement with the SEC on Friday. The company's stock will likely trade under the symbol "NTZA." Morgan Stanley and Credit Suisse are the lead underwriters on the deal.

Although revenue has steadily increased (from $13.6m in fiscal 2004 to $79.6m in fiscal 2007), Netezza still needs to offset a $13.9m net loss for fiscal 2007.

The company makes high-end data warehouse systems called Netezza Performance Servers that patch together older, general-purpose systems to perform analysis on large amounts of "dynamic" data. The Massachusetts-based company has shipped over 200 of its appliances to 87 customers including AOL, Amazon.com, CNET, Orange UK, CompuCredit Corp. and the US Army Corps of Engineers.

The company faces staunch competition from rivals including Teradata, EMC, IBM, Sun Microsystems, Oracle and Hewlett-Packard.

Netezza is looking to expand into the mid-range market with the Turnkey Business Intelligence appliance announced last week. The system currently has one and three terabyte configurations available.

HP launched its own BI play, Neoview, in early October. ®

Beginner's guide to SSL certificates

More from The Register

next story
Ellison: Sparc M7 is Oracle's most important silicon EVER
'Acceleration engines' key to performance, security, Larry says
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Lenovo to finish $2.1bn IBM x86 server gobble in October
A lighter snack than expected – but what's a few $100m between friends, eh?
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.