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IBM Corp said on Monday that it would buy data analytics company Netezza Corp for $1.7 billion to expand its business of helping clients analyze market information.
Marlborough, Massachusetts-based Netezza sells appliances that combine analytical software and hardware to clients like online dating site eHarmony and financial exchange operator NYSE Euronext.
For example, Netezza's technology helps eHarmony comb through massive data from user profiles and Web traffic to figure out who might be a good match for a particular user.