IBM Wraps Up Big Data Storage Software Firm Buy; Deidre Paknad Comments

IBMlogoIBM has completed its acquisition of an Austin, Texas-based data storage software provider aimed at expanding its big data portfolio.

This acquisition complements IBM’s previous buys of PSS Systems and its 2012 pickup of Vivisimo as well as information economics tools for archiving, records and retention management, e-discovery management and disposal and data governance, IBM said Tuesday.

StoredIQ’s software is intended to perform scalable in-place analysis and management of disparate and distributed email, file shares, desktops and collaboration sites, IBM said

Deidre Paknad, IBM president of industry solutions and head of the StoredIQ integration, said the companies want to help organizations derive value from big data and meet legal and privacy duties when disposing of data.

According to IBM, 2.5 quintillion bytes of data are created every day and 90 percent of data in the world was created within the past two years.

Chief information officers and general counsels face large amounts of information and challenges with privacy and legal requirements in storing old data, IBM says.

Gartner named StoredIQ the “Cool Vendor” for 2012 and that company has more than 120 customers in financial services, healthcare, government, manufacturing and other sectors.

email
Filed in: Big Data & Analytics, Industry News Tags: , , , , , , ,

You might like:

IBM Modifies Cloud Contract Structure for Clients IBM Modifies Cloud Contract Structure for Clients
IBM Adds New Global Cloud Centers Under $1B Expansion Plan; Jim Comfort Comments IBM Adds New Global Cloud Centers Under $1B Expansion Plan; Jim Comfort Comments
IBM Lands Potential $660M NHS Electronic Staff Record Contract IBM Lands Potential $660M NHS Electronic Staff Record Contract
Research and Markets: Internet-Based Apps to Drive Global Internet Security Market Through 2020 Research and Markets: Internet-Based Apps to Drive Global Internet Security Market Through 2020
© 2014 ExecutiveBiz. All rights reserved.