Netezza is Only East Coast Company Selected as One of 10 Private Companies with Best Outlook for Long-Term Success
Framingham, Mass.—October 1, 2003—Netezza Corporation today announced it has earned Investors’ Choice honors for the second year in a row at the Datacenter Ventures Private Equity Conference held by VentureWire, a service of Dow Jones Newsletters. Netezza was the only East Coast company of the 10 winners that were selected from 70 privately funded companies invited to present their business plans at last month’s conference in Redwood City, California.
The Netezza Performance Server™ (NPS™) system is the first enterprise-class data appliance optimized for Business Intelligence (BI) on tens, even hundreds, of terabytes of data in today’s real-time enterprise. The NPS system delivers 10 to 50 times the performance for large, complex and constantly evolving BI efforts at half the cost of existing, general-purpose enterprise data warehouse systems.
“In working with our initial customers over the past year, we have seen the significant impact our technology can have across many markets including telecommunications, financial services, government and bioinformatics,” said Jit Saxena, co-founder and CEO of Netezza. “As businesses continue to look for new and better ways to convert the ever-growing amounts of data they collect into Business Intelligence, we hope that the investment community will continue to recognize the role that the NPS system plays in this effort.”
Now in its second year, Datacenter Ventures examines trends that threaten established makers of servers, storage devices and network equipment, while showcasing the new companies that are best positioned to become influential technology suppliers to 21st Century data centers. Netezza was chosen as one of the companies with the best outlook for long-term success after a presentation to the crowd of more than 400 business leaders, venture capitalists, entrepreneurs and industry analysts at the conference.
The NPS system combines servers, storage and database into a single powerful, enterprise-class appliance created from the outset to process queries faster—and enable complex analysis that was not previously possible because of large and fast-growing data sizes. This unprecedented analysis on oceans of information enables companies to harness information located in tens, even hundreds, of terabytes of data in order to recover lost revenues; improve risk management; reduce fraud; compress decision cycles and strengthen customer relationships.
This award is the latest in a series of widespread industry praise for the Netezza team and solution. Last week, Netezza was selected as a winner of the Computerworld Innovative Technology Awards. Recently, Saxena was named an Ernst & Young New England Entrepreneur of the Year and an InformationWeek “Innovator and Influencer for 2003.” In May, Co-Founder and CTO Foster Hinshaw was named a “2003 InfoWorld Innovator.” And an IDC Research study called Netezza “a business analytics revolution in the making.”
About Netezza Corporation
Netezza is a fast-growing provider of enterprise-class data appliances for on-demand
analysis of terabytes of business-critical information. The Netezza Performance
Server™ (NPS™) system is the first enterprise-class data appliance
optimized for Business Intelligence (BI) on tens, even hundreds, of terabytes
of data in today’s real-time enterprise. The NPS 8000 series delivers
10 to 50 times the performance for large, complex and constantly evolving BI
efforts at half the cost of existing, general-purpose enterprise data warehouse
systems. The NPS appliance is being used by data-intensive organizations in
telecommunications, financial services, retail, bioinformatics, government and
other markets to enable faster, more sophisticated analysis while allowing companies
to leverage their existing infrastructure. Founded in 2000 and based in Framingham,
Mass., the Company has raised more than $53M from leading venture capital firms,
including Matrix Partners, Charles River Ventures, Battery Ventures, Orange
Ventures and Sequoia Capital. For more information about Netezza, please visit
www.netezza.com.
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Netezza, the Netezza logo, NPS, Performance Server, Netezza Performance Server, Intelligent Query Streaming, Asymmetric Massively Parallel Processing, AMPP and SQL-BLAST are trademarks or registered trademarks of Netezza Corporation in the U.S. and/or other countries. All rights reserved. All other company, brand and product names contained herein may be trademarks or registered trademarks of their respective holders.