Welcome!

Apache Authors: Jnan Dash, Mark van Rijmenam, Pat Romanski, David Smith, David Tishgart

Related Topics: Cloud Expo, Java, SOA & WOA, Websphere, Virtualization, Apache

Cloud Expo: Article

IBM Buys StoredIO for Big Data

Said it was building on its acquisition of PSS Systems in 2010 and Vivisimo earlier this year
By Maureen O'Gara
Article Rating:
December 20, 2012 08:45 AM EST
Reads:
 3,768

IBM is buying Texas-based StoredIO, née Deepfile, which develops information management, compliance and electronic discovery software.

Terms were not disclosed.

Blue said StoredIQ will help customers derive value from unstructured Big Data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.

The widgetry, which can handle e-mail as well as file-sharing and collaboration sites, is bound for IBM's information lifecycle governance business.

The company, started in 2001 and a longstanding IBM partner with existing integration between IBM's information lifecycle governance suite and its active data management software, appears to have raised over $41 million during its career.

StoredIQ claims more than 120 customers worldwide including companies in financial services, healthcare, government and manufacturing.

It says other systems require months to index data and years to configure, install and address information governance. StoredIQ can be up and running in hours.

IBM said it was building on its acquisition of PSS Systems in 2010 and Vivisimo earlier this year.

The deal should close in Q1.

Published December 20, 2012 – Reads 3,768
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.