IBM picks up data compression company Storwize

Big Blue acquires privately held company and its technology for compressing data in real-time and making it available to analytics apps.

IBM on Thursday said it has acquired Storwize, a privately held company that focuses on data compression.

Terms of the deal weren't disclosed, but the acquisition is expected to close in the third quarter.

Storwize will give IBM technology to compress data in real-time and make it available to analytics applications. Storwize has more than 100 customers across multiple verticals.

Read more of "IBM picks up data compression company Storwize" at ZDNet's Between the Lines.

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