Feeds

Netezza stock on the block

Seeks position as cash warehouse

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.