IBM to Acquire Big Data Analysis Company StoredIQ
IBM has made another significant purchase to enhance its Big Data portfolio.
The company announced that it is acquiring data analysis and management firm StoredIQ. IBM said that the technology will "help clients derive value from Big Data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs."
Strategically, StoredIQ fits into IBM's lifecycle governance products and targets the demand to identify valuable information in unstructured data sets. "CIOs and general counsels are overwhelmed by volumes of information that exceed their budgets and their capacity to meet legal requirements," said Deidre Paknad, vice president of Information Lifecycle Governance at IBM. "With this acquisition, IBM adds to its unique strengths as a provider able to help CIOs and attorneys rapidly drive out excess information cost and mitigate legal risks while improving information utility for the business." IBM to Acquire Big Data Analysis Company StoredIQ
IBM said that it will be integrating StoredIQ in its Software Group and offer the product as part of its Lifecycle Governance business, which has grown with prior acquisitions, including PSS Systems in 2010 and Vivisimo in 2012.
StoredIQ was founded in 2001 in Austin, Texas. Financial terms of the deal were not disclosed.
Wolfgang GruenerWolfgang Gruener is a contributor to Tom's IT Pro. He is currently principal analyst at Ndicio Research, a market analysis firm that focuses on cloud computing and disruptive technologies, and maintains the conceivablytech.com blog. An 18-year veteran in IT journalism and market research, he previously published TG Daily and was managing editor of Tom's Hardware news, which he grew from a link collection in the early 2000s into one of the most comprehensive and trusted technology news sources.
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