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ARMONK, N.Y. - 30 Aug 2010: 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."
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/.
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