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The following content is from an older version of this website, and may not display correctly. IBM is adding to the list of storage technology acquisitions and original innovations by buying Storwize, a data compression company based in Marlborough, Mass. The buyer has entered into a definitive agreement to acquire the company for an undisclosed sum.
IBM says Storwize users can store up to five times more data using the same amount of storage, saving power and cooling costs in addition to the cost of storage devices themselves. In its news release, the company cited research that projected annual growth rate in worldwide demand for storage capacity to be more than 43 percent between 2008 and 2013.
"Real-time data compression helps address a significant client need, making it affordable to analyze and make sense of massive amounts of data in order to provide new services," IBM System Storage and Networking General Manager Brian Truskowski said in a statement. "By adding Storwize to our innovative portfolio of storage solutions, IBM is better equipped than ever to help clients handle growing quantities of data and make more of it available for analytics."
Storwize
IBM says Storwize users can store up to five times more data using the same amount of storage, saving power and cooling costs in addition to the cost of storage devices themselves. In its news release, the company cited research that projected annual growth rate in worldwide demand for storage capacity to be more than 43 percent between 2008 and 2013.
"Real-time data compression helps address a significant client need, making it affordable to analyze and make sense of massive amounts of data in order to provide new services," IBM System Storage and Networking General Manager Brian Truskowski said in a statement. "By adding Storwize to our innovative portfolio of storage solutions, IBM is better equipped than ever to help clients handle growing quantities of data and make more of it available for analytics."
Storwize