PR
Newswire -- August 30, 2010 ARMONK,
N.Y., Aug. 30 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) today announced that it
completed the acquisition of Storwize, a privately-held company based in Marlborough,
MA. Financial details were not disclosed. The companies announced in July a definitive
agreement to pursue the acquisition. The
Storwize company will become part of IBM Systems and Software Group. The technology
aims to help organizations improve storage efficiency while lowering the cost
of making primary data available for analytics and other applications. Integrating
Storwize's Random Access Compression Engine (RACE) with its Storage solutions
portfolio will help IBM to make it more affordable for clients to analyze massive
amounts of data in order to provide new insights and business outcomes. The RACE
technology complements other storage efficiency offerings like deduplication (1). "IBM
is focused on helping clients reduce the cost and complexity of managing the vast
amounts of data that are consistently growing year over year," said Brian
Truskowski, general manager, IBM System Storage and Networking. "Using the
RACE technology can help IBM clients compress their primary data while preventing
storage sprawl and lowering power and cooling costs." Storwize
RACE: -- Is the
only storage solution that can compress primary data of multiple
file types
without affecting performance;
-- Can help clients reduce physical storage
requirements by up to 80% (2);
-- Has 35 patents pending and issued;
--
Works with many deduplication, virtualization and other storage
efficiency
solutions;
-- Has over 100 customers across a wide range of industries such
as energy,
manufacturing, finance, insurance, telecommunications and cloud
services.
The
Storwize appliance will work with popular NAS systems such as IBM N series, as
well as non-IBM NAS systems from EMC, HP, NetApp and others.
For
more information, please visit: www.ibm.com/systems/storage/.
Contact information:
Joanna Brewer
IBM Media Relations
415-545-2270
jmbrewer@us.ibm.com
(1)
Sources: "Maximizing Data Reduction and Storage Efficiency with Storwize
Real-Time Compression and NetApp De-Duplication" and "Optimizing Capacity
Reduction:
Storwize Real-Time Compression & Data Domain De-Duplication,"
available
for download at storwize.com.
(2)
Source: Compression data collected from installed Storwize appliances.
Compression
rates vary by file type and content. Compressed data may not compress further
with Storwize technology.
SOURCE
IBM
Subject
Codes: PC/t.100830080006183, PT/lang.en, PC/ticker, IN/CPR,
IN/STW, IN/NET,
SU/TNM, RE/New_York, RE/Massachusetts,
PC/priority.r, PC/category.f, PC/class.1240,
PC/WAVO_....c., PC/APT_....c, PC/trade_c, PC/wavo5_c,
PC/class.1278, PC/class.1049,
PC/WAVO_y.....,
PC/APT_y...., PC/state_y, PC/wavo1_y, PC/class.1000,
PC/WAVO_..b...,
PC/APT_..b.., PC/circuit_b, PC/wavo3_b,
PC/DataFeat_natl3, PC/port_32, PC/Billing_FC1,
PC/Billing_IRW, PC/Billing_RWB, PC/Billing_TNW,
PC/Billing_US1, PC/1stAcc_908659,
PC/bureau_NY,
PC/port_01, PC/port_96, PC/port_31, PC/port_33,
PC/port_19,
PC/port_91, PC/contact, PC/website, PC/photo,
PC/id_NY56510
Company
Codes: NYSE:IBM, NYSE:IBM
|
