Big Blue purchases big data storage company StoredIQ
IBM Corp. (NYSE: IBM) furthered its big data strategy this week with the acquisition of StoredIQ Inc., a privately-held developer of big data storage solutions based in Austin, Tex. Terns of the acquisition were not disclosed.
According to IBM, the company will help IBM’s big data efforts by allowing clients to dispose of information that has outlived its purpose and lower data storage costs. Clients can find and use unstructured information of value, respond more efficiently to litigation and regulatory events and lower information costs as data ages.
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The StoredIQ technology will be integrated into IBM’s Information Lifecycle Governance suite, which the company said will give organizations more effective governance of data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk.
“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, in a statement. “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.”