For more information, contact:
Intelligent Integration Systems, Inc.
Ten Post Office Square, Suite 800
Boston, MA 02109
(617) 314-7872
info@intelligent-isi.com
Boston, Mass. – August 20, 2010 – Superior Court Justice Margaret R. Hinkle ruled that Netezza Corporation did not have good cause to terminate its 2008 Purchase and Sale Agreement with Intelligent Integration Systems, Inc. The Court concluded that IISi did not breach the breach the Agreement and that Netezza wrongfully terminated the Agreement.
“IISi is grateful that the Court, through a Pilot Project that enabled the parties to focus on key issues, moved expeditiously to address these matters. From our perspective, the implications of the decision are enormous. Matters related to securing our property rights will flow from these rulings,” said IISi CEO Paul Davis.
“We also appreciate the fine work of our counsel Robert Kaler and his team at McCarter & English,” Davis added.
About IISi
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 software and integration designs unleash the power of a new generation of massively parallel processing (MPP) data warehousing platforms to enable key applications to run 10 to 100 times faster than with traditional solutions. 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.