IBM 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.