Wednesday, March 4. 2009

Netezza by the numbers for 2008...a good year...and 2009 may be better

Netezza (NZ), a new player in the geospatial market with their Netezza Spatial warehouse appliance, reported yearly results yesterday. The company reported revenue of $188 Million for a 48% year over year gain. Their fourth quarter revenue was $54.8 Million for a 28% year over year increase.

Netezza competes with Oracle head-to-head in the data warehouse appliance space and this sector appears headed for a good 2009. Jim Baum, CEO, stated, "First, regarding our market, it continues to be robust. While many sectors of the IT industry have experienced significant downturns, the data warehousing and analytics market continues to grow. In fact Gardner, IDC and Forester have been revising their IT spending forecast downward for 2009, yet they do state that business intelligence and data warehousing appear to be holding steady or poised for growth." Patrick Scannell, senior vice president and CFO, added, "First, the traditional solutions in the market like IBM and Oracle. We win because of performance, cost, simplicity and time to value, and in this market at this time, those propositions become that much more important in allowing our customers to deploy leading edge technology fast, simply, seamlessly while also reducing their IT spend."

The company noted to analysts that it began operation during the recession of 2001-2003 where its clients were looking for a quick ROI.  Directions recently hosted a webinar with Netezza that provides more detail on Netezza Spatial.

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