Framingham, Mass.—March 25, 2004—Netezza Corporation today announced it has opened its first European office in Bracknell, UK. The establishment of this office will enable Netezza to better serve its customers as the company continues the business growth it has experienced in the last year.
Since its introduction just one year ago, the Netezza Performance Server™ (NPS™) data warehouse appliance has been deployed by leading companies in telecommunications, retail, the life sciences and other industries to power their business intelligence efforts. Telecommunications leaders Orange UK and Caudwell Communications are among Netezza’s European-based customers. Additional worldwide customers include: AT&T Wireless, The TJX Companies, Epsilon and Premier, Inc.
“Businesses around the world are struggling with ever-growing volumes of data. These companies are turning to the NPS system to power their business intelligence efforts,” said CFO Pat Scannell. “Our unique low-cost, easy-to-implement data warehouse appliance has proved its value for leading companies across several industries. Netezza’s new UK office is the latest evidence of our growth and commitment to serve customers in the European market.”
The NPS system architecturally integrates servers, storage and a relational 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 enables companies to harness information located in tens, even hundreds, of terabytes of data in order to lower costs, reduce risk and fraud, strengthen customer relationships and keep pace with ever-changing market trends.
About Netezza Corporation
Netezza is a fast-growing provider of enterprise-class data warehouse appliances
that deliver breakthrough performance and ease-of-use at a fraction of the cost
of traditional data warehouses. The Netezza Performance Server™ (NPS™)
system enables Fortune 1000 customers with terabytes of dynamic, detailed data
to dramatically simplify even the most complex Business Intelligence (BI) initiatives.
By architecturally integrating database, server and storage within a single
appliance, the NPS system delivers 10 to 50 times the performance at half the
cost of existing systems. The NPS appliance is being used by data-intensive
organizations in telecommunications, financial services, retail, the life sciences,
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.
# # #
Netezza, the Netezza logo, NPS, 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.