Going to IPO

Netezza was founded in 1999 and the company's technology was groundbreaking. It built the industry's first data warehouse appliance, and competed with Oracle, IBM and Teradata. I worked with them between 2004 and 2009.

Netezza closed the sale of 10,350,000 shares of its common stock, including 1,350,000 shares of common stock representing the over-allotment option granted to the underwriters, resulting in gross proceeds of $124.2 million, before commissions and expenses, and net proceeds before expenses of $115.5 million.

The company went public in 2007 and was acquired by IBM in 2010 for approximately $1.7B. It still remains a subsidiary of the computer giant.