Former Orange Ventures-backed data analysis company Netezza agrees to IBM's $1.7bn takeover offer.
Technology company IBM has agreed to acquire Netezza, a New York-listed based provider of data analysis services, for about $1.7bn.
Netezza has venture capital (VC) firm Matrix Partners as its third-largest shareholder with 3.8 million shares worth $102m at the offer price of $27 each. However, other venture investors, that originally included mobile phone subsidiary Orange’s corporate venturing division, had sold down since its flotation.
Netezza had raised more then $68m in venture funding since its launch in 2000 from…
