Guitar Center (NASDAQ:GTRC)
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Netezza, a leading provider of data
warehouse appliances, today announced that Guitar Center, Inc.
(Nasdaq:GTRC), the leading United States retailer of guitars,
amplifiers, percussion instruments, keyboards and pro-audio and
recording equipment, has implemented the Netezza Performance Server®
(NPS®) data warehouse appliance as its
enterprise data warehouse solution at its Guitar Center retail stores.
Guitar Center has selected the Netezza system, in collaboration with
business intelligence software from QuantiSense and MicroStrategy, to
manage and analyze data across its multi-channel retail business.
The integrated business intelligence solution provides Guitar Center
with a consolidated view of its operations to quickly identify and
respond to trends in the business across divisions. Following an
extensive evaluation of data warehouse solutions, Guitar Center selected
the Netezza data warehouse appliance for its performance, speed to
deployment, ease of implementation and overall business value.
“We needed a business intelligence solution
that would provide us with scalability and easy access to integrated and
more detailed information to allow us to spend more time analyzing the
data,” said John Zavada, CIO of Guitar Center. “We
evaluated several solutions and felt that Netezza’s
data warehouse appliance provided us with the flexibility and speed we
needed, and the enterprise-class capabilities we required, with very
little overhead and maintenance costs.”
Mr. Zavada continued, “We have completed the
successful implementation of the NPS system throughout our retail stores
and plan to roll it out in our direct response and our Music & Arts
divisions. Ultimately, we will have easy access to integrated
information across all of our divisions and will be able to make more
informed decisions as we analyze a wider array of detailed sales,
advertising and promotion, store operations, vendor and customer data.”
“Leading retailers like Guitar Center
continue to purchase the Netezza data warehouse appliance over competing
solutions to support very complex, rapidly changing and exponentially
growing businesses,” said Andy Winans, vice
president, Retail & CPG at Netezza. “The
low-cost performance of Netezza, coupled with its ease of deployment and
simple operation, have allowed our customers to gain the kind of insight
into and across their businesses that would have cost significantly more
and taken longer to achieve with competitive solutions.”
The Netezza Performance Server system is built specifically to analyze
terabytes of detailed data 10-100 times faster than existing data
warehouse options, at a much lower total cost of ownership. The NPS
system stores, filters and processes terabytes of records within a
single unit, analyzing only the relevant information for each query
enabling improved performance and deployment for Guitar Center.
About Guitar Center
Guitar Center is the leading United States retailer of guitars,
amplifiers, percussion instruments, keyboards and pro-audio and
recording equipment. Our retail store subsidiary presently operates more
than 210 Guitar Center stores across the United States. In addition, our
Music & Arts division operates more than 95 stores specializing in band
instruments for sale and rental, serving teachers, band directors,
college professors and students. We are also the largest direct response
retailer of musical instruments in the United States through our wholly
owned subsidiary, Musician's Friend, Inc., and its catalogs and
websites, www.musiciansfriend.com,
www.guitarcenter.com, www.wwbw.com
and www.music123.com. More
information on Guitar Center can be found by visiting the Company's web
site at www.guitarcenter.com.
About Netezza Corporation
Netezza is a leading provider of data warehouse appliances. The Netezza
Performance Server data warehouse appliance integrates database, server
and storage platforms in a purpose-built system to perform detailed
queries and analyses on large volumes of stored data. Recognizing the
limitations of traditional data warehouse solutions, Netezza designed
its NPS family of data warehouse appliances specifically for analysis of
terabytes of data 10-100 times faster than traditional solutions, with a
lower total cost of ownership and greater ease of use. Based in
Framingham, Mass., Netezza has offices in Washington, DC, the United
Kingdom and Asia Pacific. The Company is backed by leading venture
capital firms, including Matrix Partners, Charles River Ventures,
Battery Ventures, Orange, Sequoia Capital and Meritech Capital Partners.
For more information about Netezza, please visit www.netezza.com.
Business Risks and Forward Looking Statements
This press release contains forward-looking statements relating to,
among other things, the implementation of the enterprise data warehouse
solution. Guitar Center’s ability to timely
achieve the expected results as contained in those forward-looking
statements may be impacted by a variety of factors including among
others, world and national political events, general economic
conditions, its ability to efficiently implement and integrate
information technology systems, its ability to integrate and profitably
operate acquired businesses such as Woodwind and Brasswind, the
efficient operation of its supply chain, including the continued support
of its key vendors, its effective management of business risks,
including litigation, and competitive factors applicable to its retail
and direct response markets.
In light of these risks, the forward-looking statements contained in
this press release are not guarantees of future performance and in fact
may not be realized. Guitar Center’s actual
results could differ materially and adversely from those expressed in
this press release. Further, the statements made by Guitar Center above
represent its views only as of the date of this press release, and it
should not be assumed that the statements made herein remain accurate as
of any future date. Guitar Center does not presently intend to update
these statements and undertakes no duty to any person to effect any such
update under any circumstances.
Investors are also urged to review carefully the discussion under the
caption “Risk Factors”
in Guitar Center’s Annual Report on Form 10-K
for the year ended December 31, 2006 and its Quarterly Reports on Form
10-Q for subsequent quarters, which have been filed with the Securities
and Exchange Commission and may be accessed through the EDGAR database
maintained by the SEC at www.sec.gov.