Thursday, July 19, 2007

Netezza Raises $108 Million in IPO; Stock Jumps 35% - Framingham, MA

Shares of Framingham-based Netezza Corporation, a provider of data warehouse hardware, shot up 35% by Thursday afternoon after the company raised $108 million through an initial public offering (IPO). The company's venture capital backers included Matrix Partners, Charles River Ventures, Battery Ventures, Orange, Sequoia Capital, and Meritech Capital Partners. Netezza's primary data warehouse appliance helps large companies access and analyze large amounts of information and data.


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