MARLBOROUGH, Mass.--(BUSINESS WIRE)--Netezza Corporation (NYSE: NZ) and Intelligent Integration Systems, Inc. (IISi) today announced an agreement to settle all claims involved in the on-going litigation between the companies. Under the settlement agreement, which became effective today, Netezza will have ownership of all products and related intellectual property developed by IISI for the Netezza platforms, including the geospatial product and extended SQL toolkit. IISI has retained the right to continue to develop, manufacture and distribute those products for use on other platforms. Other terms of the settlement were not disclosed and will remain confidential.
About Netezza Corporation
Netezza Corporation (NYSE: NZ) is the global leader in data warehouse, analytic and monitoring appliances that dramatically simplify high-performance analytics across an extended enterprise. Netezza’s technology enables organizations to process enormous amounts of captured data at exceptional speed, providing a significant competitive and operational advantage in today’s data-intensive industries, including digital media, energy, financial services, government, health and life sciences, retail and telecommunications. Netezza is headquartered in Marlborough, Massachusetts and has offices in Northern Virginia, the United Kingdom, Germany, France, Poland, Japan, Korea, Australia and Singapore. For more information about Netezza, please visit www.netezza.com.
Intelligent Integration Systems, Inc. or "IISi" develops software products and systems solutions that manage, analyze, and clean large volumes of data in faster and more cost-effective ways. IISi was founded in 2005. IISi principals have more than a decade of experience serving Fortune 500 companies and major non-profits — including Intel, IBM, HP, 3M, Motorola, AMD, Comcast, AT&T, the Howard Hughes Medical Institute, and the Democratic National Committee. Those systems have served the genomic, health, biotech, consumer intelligence, finance, and semiconductor manufacturing sectors. For more information, please visit www.intelligent-isi.com.
Netezza® and the Netezza ‘N’ logo are registered trademarks of Netezza Corporation. Other names may be trademarks of their respective owners.