Netezza provides technology that allows companies and government agencies to quickly analyze huge amounts of data--something IBM says will give it an advantage in its analytics business.

Netezza offers "a much simpler way to get started on analytics and data warehousing than anyone else in the industry," said Arvind Krishna, IBM general manager for information management. He told Dow Jones Newswires that Netezza's system can be operated by one person instead of "an army of people."

Netezza holders will receive $27 a share under the deal, a 9.8% premium to Friday's closing price. Netezza shares recently rose above the offer price, up 12% to $27.66, suggesting investors may be hoping for a higher offer. As of Friday's close, the stock had soared 77% since Dell's initial offer for 3Par.

IBM shares added 52 cents to $130.71.

By: DocMemory
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