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Experienced executives like Jit Saxena are leading high-tech
start-ups.
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Interview on supercomputing trends with Netezza's Bill
Blake, SVP of Product Development.
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The Netezza system lets companies build a so-called "biologically
aware" data warehouse that integrates sequence searches
and comparisons within the actual database storage system.
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When start-up Netezza Corp. of Framingham went looking
for money, four venture firms vied to proffer term sheets.
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Mike Coakley, Epsilon vice president of marketing technology,
recalls the benchmarking the company performed on the
device before making a purchase. "We tested load
times, queries, summarizations," he says. "The
results were astronomical—borderline ridiculous."
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The dominance of NCR Corp. subsidiary Teradata in the
high-end data warehousing game is being challenged by
Netezza Corp.
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Adding Muscle in the Boardroom, Netezza's Ed Zander
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Netezza Appliance Speeds Bioinformatics Data Searches,
Queries
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Business intelligence start-up Netezza is sifting for
gold in the huge piles of data that make up the human
genome.
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Netezza wins 2003 Computerworld Innovative Technology
Award.
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According to Bill Blake, senior vice president of product
development at Netezza, "performance improvements
of 10-50 times over those systems at half the cost"—
not to mention new functionality that integrates genomic
data types and NCBI’s Blast within the system so
that users can perform all their database searches within
the database using SQL.
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Netezza Corp. in Framingham has added a third market to
the list of verticals into which it aims to sell its high-end
data warehousing and analysis appliance: the bioinformatics
space.
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Netezza's VP of Operations, Tricia Cotter, is spotlighted
in Women's Business Boston Journal.
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Netezza co-founder and CEO, Jit Saxena, is the subject
of the Company Spotlight interview from the Boston Business
Journal AM Edition on Business 1610 AM, WBIX.
Listen to the interview: Windows
Media or RealAudio
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Netezza Corp. of Framingham has announced that Orange
UK, the United Kingdom's most popular mobile phone
service, has chosen the Netezza Performance Server appliance,
a purpose-built, terascale data appliance enabling faster,
more sophisticated data analysis.
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Dealmaking in the business intelligence software sector
continued with news that privately-held Netezza Corp.
has raised $20 million in a third round of funding led
by blue-chip VC investor Sequoia Capital of Menlo Park,
Calif.
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Netezza Corp., a Framingham start-up that has developed
systems for businesses to manage and mine trillions of
bits of data, has closed a $20 million venture round to
bring its total capital to $53 million.
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" Netezza could define a whole new category and become
a huge company," Curme said. "There aren't
many opportunities like that. Most startups are product
refinements."
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Netezza's large cash injection indicates that the VC funding
wheels are starting to turn again, and it's also a blow
to naysayers of such "god box" approaches.
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Product Review: Epsilon Speeds Customer Analysis with
the Netezza Performance Server.
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Netezza CEO named E&Y Entrepreneur of the Year.
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AO Picks Top 100 Companies for 2003 - Innovative Private
Companies Demonstrate Market Traction and Ability to Disrupt
Existing Markets.
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Bill Blake, SVP Product Development at Netezza, said that
effective use of data someday may improve "designer
drug" cancer treatments in which a patient's particular
cancer can be matched against a database of drug candidates.
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Foster D. Hinshaw knew there had to be a better way. His
clients with large database systems were in trouble, and
the situation was getting worse. Some of the biggest organizations,
including the Commonwealth of Massachusetts, were finding
that BI (business intelligence) wasn't so useful if it
couldn't handle all of their data.
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"...real-live users of Netezza's
products are running queries 5 to 10 times faster than
Teradata at a quarter of the price."
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Companies are drowning in terabytes of data. In order
to exploit the growing ocean of data, businesses will
focus their business-intelligence spending in the next
three years on technologies that address the inefficiencies
of the underlying data storage, rather than the already
powerful analytic applications. -- Foster Hinshaw, chief
technology officer, Netezza Corp., Framingham, Mass.
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"We manage and analyze large databases
for our clients and the Netezza Performance Server has
shown dramatic performance improvements over our existing
systems," says Mike Coakley, a vice president at
Epsilon, a database marketing services provider. Epsilon
is consolidating numerous client-specific data marts onto
a single Netezza BI appliance. "Queries are running
eight to 200 times faster and we can now refresh a data
warehouse with tens of millions of records in 15 minutes."
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The size of the average data ware-house is increasing
and showing no signs of slowing down—multi-terabyte
sized data ware-houses are becoming more and more common—and
with this increased store of knowledge comes an increased
demand to generate intelligence from data.
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The question, of course, is how attractive this product
will be in the market. So far the evidence is encouraging.
It has raised venture capital funding in a difficult market,
it has attracted IT luminaries such as Ed Zander (ex-Sun)
onto its board, and it has a number of industry partners
already signed up.
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With what Saxena calls "tera-scale performance,"
users can effectively and inexpensively collect data and
analyze it in real-time fashion.
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Another start-up, Netezza Corp., has taken the intelligent
storage concept the furthest by embedding parallel processing
power with individual disk drives.
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The Netezza server doesn't replace BI software, but sits
underneath it to provide a horsepower boost. Steve Duplessie,
founder of consulting firm Enterprise Storage Group, says
the product is a breakthrough, with the potential to radically
change how companies approach analytics.
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Retailers told not to skimp on IT
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Business Intelligence At Lightning Speeds. Netezza introduces
the ultimate in high-end server appliances.
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Business intelligence becomes a hot commodity, especially
for retailers
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This website contains forward-looking statements,
including statements regarding Netezza's business strategy,
and plans and objectives of management for future operations.
We may, in some cases, use words such as "believes,"
"expects," "anticipates," "plans,"
"estimates," and similar expressions to identify
these forward-looking statements. Our actual results however
may differ materially from those indicated by such forward-looking
statements. We disclaim any intention or obligation to update
any forward-looking statements as a result of developments
occurring after the date such statement was first made.
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Global Leader in Data Warehouse and Analytic
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