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December 19, 2012

IBM agrees to acquire StoredIQ

Big Blue makes its Big Data play

By CBR Staff Writer

IBM has signed an agreement to acquire Texas-based information management firm StoredIQ, for an undisclosed amount.

The acquisition of StoredIQ will enable IBM to help its clients derive value from big data, respond to litigation and regulations, get rid of information that is obsolete and lower data storage costs, the company said.

The addition of StoredIQ capabilities enables IBM clients to find and use unstructured information of value and lower information costs as data ages, IBM said.

Following the acquisition, IBM intends to incorporate StoredIQ into its Software Group and its Information Lifecycle Governance business. IBM’s Information Lifecycle Governance suite improves information economics by helping companies lower the total cost of managing data while increasing the value derived from it.

IBM says it eliminates superfluous cost and risk with defensible disposal of unneeded data, enables businesses to realise the full value of information as it ages, aligning cost to the value of information and reduce information risk by automating privacy, e-discovery, and regulatory policies.

The addition of StoredIQ to IBM’s Information Lifecycle Governance suite gives organisations effective governance of the data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk.

StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares and collaboration sites. It can also analyse high volumes of unstructured data and automatically dispose of files and emails in compliance with regulatory requirements.

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StoredIQ CEO Phil Myers said together, IBM and StoredIQ can empower organisations to efficiently use and govern their unstructured data to increase its value and eliminate unnecessary cost and risk. "IBM and StoredIQ are longstanding partners with existing integration between IBM’s Information Lifecycle Governance suite and StoredIQ’s active data management software," Myers said.

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