Saturday, March 31, 2007

Netezza Files To Go Public...again

"Jit Saxena, who started and took Applix public in 1994, is trying again with Netezza, which filed its S-1 papers with the SEC the other day.
Netezza, which is still losing money, is looking to pick up about $100 million, less than it's been fetching in revenues for its Linux-based storage-replacing data-analyzing data warehouse appliances.
It's gotten $68 million in VC from Matrix Partners, Charles River Ventures, Battery Ventures, Orange, also a customer, Sequoia Capital and Meritech Capital Partners.
Motorola CEO Ed Zander and One Laptop Per Child CFO Charles Kane sit on its board.
Credit Suisse and Morgan Stanley are supposed to take it out.
The company web site decribes Saxena's bio as:"

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