IBM completes acquisition of Storwize

Aug 30, 2010
US computer giant IBM said Monday it has completed its acquisition of data storage company Storwize.

US computer giant IBM said Monday it has completed its acquisition of data storage company Storwize.

Financial details of IBM's purchase of Storwize, a privately-held firm based in Marlborough, Massachusetts, were not disclosed.

Storwize technology allows organizations to store and retrieve data more efficiently. said Storwize will become part of its Systems and Software Group.

"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 of IBM System Storage and Networking.

"Using (Storwize) technology can help IBM clients compress their primary data while preventing storage sprawl and lowering power and cooling costs," Truskowski said in a statement.

Storwize has more than 100 customers in various industries including energy, manufacturing, finance, insurance and .

US computer giants Hewlett-Packard and Dell are currently waging a battle for firm .

HP on Friday announced it would increase its offer for 3PAR to two billion dollars or 30 dollars per share in cash, up 11 percent from Dell's 27 dollars per share offer.

Explore further: 'Chief Yahoo' David Filo returns to board

add to favorites email to friend print save as pdf

Related Stories

IBM Storage Services Maintains Worldwide Lead in Market Share

Jul 21, 2005

IBM today announced that it continues to lead in the 2004 storage services marketplace based on revenue throughout Americas, EMEA and Asia Pacific and Japan, according to a recent Gartner annual report on the worldwide storage ...

3Par calls HP $30 bid 'superior'; Dell mulls reply

Aug 28, 2010

(AP) -- Data storage company 3Par Inc. says its board has determined that Hewlett-Packard Co.'s $2 billion, $30-per-share takeover bid is superior to a rival offer from Dell Inc., but Dell said Saturday it was mulling over ...

Dell planning acquisition: WSJ

Jun 11, 2009

US computer giant Dell is planning to acquire a"significant-sized company" in the next few months, The Wall Street Journal reported on Thursday.

Recommended for you

'Chief Yahoo' David Filo returns to board

10 minutes ago

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

Fired Yahoo exec gets $58M for 15 months of work

20 minutes ago

Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

IBM posts lower 1Q earnings amid hardware slump (Update)

10 hours ago

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets.

New US-Spanish firm says targets rich mobile ad market

16 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

User comments : 0

More news stories

Simplicity is key to co-operative robots

A way of making hundreds—or even thousands—of tiny robots cluster to carry out tasks without using any memory or processing power has been developed by engineers at the University of Sheffield, UK.

Microsoft CEO is driving data-culture mindset

(Phys.org) —Microsoft's future strategy: is all about leveraging data, from different sources, coming together using one cohesive Microsoft architecture. Microsoft CEO Satya Nadella on Tuesday, both in ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

New clinical trial launched for advance lung cancer

Cancer Research UK is partnering with pharmaceutical companies AstraZeneca and Pfizer to create a pioneering clinical trial for patients with advanced lung cancer – marking a new era of research into personalised medicines ...

More vets turn to prosthetics to help legless pets

A 9-month-old boxer pup named Duncan barreled down a beach in Oregon, running full tilt on soft sand into YouTube history and showing more than 4 million viewers that he can revel in a good romp despite lacking ...