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Print Edition StoriesFriday, March 20, 2009
Netezza asks to move to main NYSE exchange
By Mass High Tech staff
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Data warehouse appliance maker Netezza Corp. has filed an application to move its common stock listing to the New York Stock Exchange (NYSE), from its current home under the NYSE subsidiary NYSE Arca, the company reports.
If Marlborough-based Netezza (NYSE Arca: NZ) wins approval for the move, officials say the company expects that its shares will begin trading on the NYSE on April 9 under the symbol “NZ.” Until then, Netezza will keep trading on the NYSE Arca under the symbol “NZ.”
In February, Netezza announced it had acquired data center auditing and protection company Tizor Systems Inc. of Maynard for an undisclosed amount. Following the close of the deal, Tizor Systems will operate as a subsidiary of Netezza.
Privately held Tizor had raised approximately $26.6 million in venture funding, with its last round coming one year ago, worth $8.3 million. Its investors include Hummer Winblad Venture Partners, Longworth Venture Partners, Masthead Venture Partners, Navigator Technology Ventures and Common Angels.
Netezza was honored in Mass High Tech and ACG’s Tech DealMaker Awards in December for its initial public offering in July 2007.
In November, Netezza co-founder and Mass High Tech All-Star in 2007, Jit Saxena, resigned as company CEO but remains on as chairman of the board.
For fiscal 2008, Netezza reported a profit of $2 million on revenue of $126.7 million.
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