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In the News

8/21/2008
Netezza Acquisitions Focus on Bringing Analytics to the Data Warehouse

This eWeek article reports on Netezza’s deepening of analytics through recent acquisitions including NuTech Solutions and Intelligent Integration Systems.

Read the article

7/29/2008
Netezza Expands to Germany, Austria and Switzerland

Netezza Corporation (NYSE Arca: NZ), the global leader in data warehouse appliances, is further developing its business in Germany, Austria and Switzerland and now has a German subsidiary headed by regional manager Bernard Doering. Following its acquisition of NuTech Solutions in May 2008, Netezza now has a total of 15 employees in Germany, based in Munich and Dortmund. NuTech Solutions will continue to operate as an independent organization within Netezza.

Since it was founded in 2000 in Boston, Mass., Netezza has been a pioneer in the data warehouse appliance market. The Netezza Performance Server® (NPS®) system consists of database, storage and server integrated into one appliance which allows terabytes of data to be analyzed more quickly and easily and at a lower total cost of ownership than would be possible with conventional solutions. More than 170 companies throughout the world are using the Netezza Performance Server appliance to efficiently analyze constantly growing data volumes.

Dave Kloc, vice president, European operations at Netezza, says, “Organizations in a wide range of industries including telecommunications, financial services, e-commerce and government have to meet increasingly demanding and complex requirements for data analysis and, therefore, we believe that the market for data warehouse appliances will grow exponentially. The growth of Netezza GmbH is intended to accommodate this trend.”

Bernard Doering, Netezza country manager, DACH region, explains, “The Netezza Performance Server appliance is designed for high-end, storage-based data analysis which offers an optimum price/performance ratio. We believe that we are ideally positioned in the data mart and data warehouse markets to successfully develop our business in German-speaking countries.”

The company’s first customers in this region include IHA-GfK AG and The Phone House.

Read the press release

5/15/2008
Netezza Acquires NuTech Solutions

We are pleased to announce that NuTech Solutions was acquired by Massachusetts based Netezza Corporation (NYSE Arca: NZ), the global leader in high-performance data warehouse and analytic appliances used by enterprises globally to achieve competitive and operational advantages.

“We’re excited by the possibilities that will result from joining two companies whose philosophies are firmly rooted in promoting the power of analytics and helping our customers better compete on analytics. We look forward to working with the outstanding team at NuTech to show the world the power of business analytics 2.0.” - Jim Baum, President and COO, Netezza.

Bud Whitmeyer, CEO of NuTech Solutions, added, “The synergy between our organizations is very strong. We believe that Netezza will strengthen our global market presence and open new opportunities to take advantage of our respective high performance technology platforms.”

To learn more about the acquisition:
Read the press release

10/2/2007
NuTech Solutions Releases Ascape Agent-based Modeling Platform to the Open Source Community

The Ascape modeling platform supporting the development of sophisticated agent-based models (ABM) is now available to the Open Source Community. One of NuTech Solutions’ Intelligent Business Engines™ for Modeling and Simulation, Ascape is an innovative Java-based tool for developing decision support and analysis applications. Over the past decade Ascape has formed the basis of models addressing a variety of application domains including human behavior influence, adaptive supply and logistics chains, crowd and traffic dynamics, economic and computer networks, and gaming/war-gaming. read more...


8/01/2007
World Trade Magazine – Genetic Evolution for Supply Chains

Experts look to genetic algorithms to provide solutions to 21st Century Supply Chain problems. NuTech Solutions is one of the leading companies applying these problem-solving techniques to help companies plan better in a world with increasingly complicated problems and increasing uncertainty in the global supply chain. Evolutionary algorithms handle ranges of outcomes well, are highly adaptable to patterns in sets of simulations, and can include the rules of thumb we all rely on. read more...


7/01/2007
National Geographic - Solving complex business problems with swarm intelligence

Have you ever watched a colony of ants build their nest or witness a school of small fish escape their larger prey? Modern research has shown that the collective intelligence of the group far exceeds the most intelligent individual in the group. This phenomenon described as swarm intelligence is described in a recent article published in National Geographic. NuTech Solutions, as a leader in commercializing these concepts, is featured in this article’s discussion of Houston-based Air Liquide Large Industries. Air Liquide recognized “huge” savings using NuTech’s algorithms inspired by Argentine ants. read more...


4/20/2007
NuTech Solutions' Upstream Predictive Analytics Solutions Featured at DEC 2007

NuTech Solutions showcased recent benefits achieved by upstream energy companies using predictive analytics software at Digital Energy (DEC) 2007. The company was a sponsor of the event conducted last week by the Society of Petroleum Engineers in Houston, TX. NuTech upstream energy experts showcased predictive analytics solutions deployed by exploration and production companies to achieve measurable business value. In a panel presentation moderated by Occidental Petroleum, the benefits of Workover Resource Planning were enumerated. read more...


1/11/2007
NuTech Solutions Adds Leading Edge Optimization to Engineous' iSIGHT Platform

NuTech Solutions, a leader in the commercialization of advanced software for modeling and optimization, today announced a partnership with Engineous Software, the recognized market leader in Process Integration and Design Optimization. Under the agreement, Engineous will integrate NuTech Solutions' proprietary evolutionary strategy optimizer, ClearVu Global Optimizer, into its iSIGHT-FD product to provide its customers with a superior optimization alternative. For NuTech, the deal is one of several partnerships leveraging the significant advantage of evolutionary strategies within the ClearVu Global Optimizer for multi-disciplinary optimization. read more...


December 2006/January 2007
Embracing Complexity Toward a 21st century supply chain solution

To come up with an optimal plan, a 21st century supply chain solution should be able to optimize at the appropriate level of aggregation and employ stochastic simulations. These kinds of capabilities will not hit the mainstream offerings of the major supply chain software vendors anytime soon, according to Dr. David Davis, NuTech Solutions Senior Fellow. Niche companies like NuTech and VGO Associates already offer many of these types of capabilities, of course, and leading-edge enterprises are using solutions from these firms to tackle some of their toughest supply chain optimization challenges. Companies looking to embrace complexity and take advantage of the new science of supply chain will choose to deploy these types of customized applications if they want to plan globally and optimize genetically. read more...


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