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IBM Acquires Storage Company Storwize for Data Compression Capabilities

IBM Acquires Storage Company Storwize for Data Compression Capabilities

This is a discussion on IBM Acquires Storage Company Storwize for Data Compression Capabilities within the IBM and Cognos Forum forums, part of the Major Vendors category; IBM today announced it has entered into a definitive agreement to acquire Storwize, a privately held company based in Marlborough, MA. Storwize provides real-time data compression technology to help clients ...

30th July 2010, 01:27 AM	#1
Latest News Headlines News Bot Join Date: Nov 2007 Posts: 15,073	IBM Acquires Storage Company Storwize for Data Compression Capabilities IBM today announced it has entered into a definitive agreement to acquire Storwize, a privately held company based in Marlborough, MA. Storwize provides real-time data compression technology to help clients reduce physical storage requirements by up to 80% (1), which improves efficiency and lowers the cost of making data available for analytics and other applications. The acquisition is anticipated to close in the third quarter of 2010, subject to the satisfaction of customary closing conditions. Financial terms were not disclosed. E-mail this page Save to del.icio.us Digg this More...

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