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Netezza history
Netezza company history timeline
Netezza was founded in 1999 by Foster Hinshaw.
The two men agreed to team up, and in September 2000 they founded Netezza, which was Urdu for "results."
Initial Round of Funding in 2000
In 2000 Jit Saxena joined Hinshaw as co-founder.
Saxena had worked with Zander during his days at Data General, and he first approached him about joining the Netezza board in 2001.
Other than venture capital firms, Netezza also received a vote of confidence in May 2002 when Ed Zander, who had recently announced his resignation as CEO of Sun Microsystems, agreed to join the Netezza board.
In the fall of 2002, Netezza introduced its first product, the Netezza Performance Server 8000 line, which was priced from $622,000.
2002: The first product is launched.
Netezza announced the industry's first "data warehouse appliance" in 2003 to meet the industry's need to make use of the rapidly increasing ability to collect consumer data.
In November 2004, the company added a new product to the 8000 Series, the NPS 8025, capable of handling one terabyte of information, a far cry from the hundreds of terabytes that systems constructed by Teradata was building for such giant retailers as Wal-Mart, FedEx, and Dell.
He left Netezza to found Dataupia in 2005.
Baum started at Netezza as chief operating officer in 2006.
Jim Baum was appointed CEO of Netezza in January, 2008 after co-founder Jit Saxena announced his retirement.
IBM and Netezza on September 20, 2010 announced they entered into a definitive agreement for IBM to acquire Netezza in a cash transaction at a price of $27 per share or at a net price of approximately $1.7 billion, after adjusting for cash.
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Netezza competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CTG | 1966 | $325.1M | 3,950 | 512 |
| Systems engineering | - | $18.1M | 20 | 13 |
| Vocollect | 1988 | $119.8M | 200 | - |
| Ultimate Software | 1990 | $1.0B | 5,144 | 770 |
| Applied Data Consultants | 2010 | $5.6M | 50 | - |
| Interactive Intelligence | 1994 | $390.9M | 2,000 | - |
| Intergraph | 1969 | $7.4B | 4,000 | - |
| SYSCOM | 1982 | $24.0M | 50 | 2 |
| Fujitsu | 2008 | $3.6B | 10,001 | 66 |
| Marketron | 1969 | $2.2M | 2 | 2 |
Netezza history FAQs
Zippia gives an in-depth look into the details of Netezza, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Netezza. The employee data is based on information from people who have self-reported their past or current employments at Netezza. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Netezza. The data presented on this page does not represent the view of Netezza and its employees or that of Zippia.
Netezza may also be known as or be related to Netezza and Netezza Corp.