Feeds

Netezza stock on the block

Seeks position as cash warehouse

HP ProLiant Gen8: Integrated lifecycle automation

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. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
Seagate chances ARM with NAS boxes for the SOHO crowd
There's an Atom-powered offering, too
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.