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.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Nissan gives new Murano bold style (pictures)
    Top great space moments in 2014 (pictures)
    This is it: The Audiophiliac's top in-ear headphones of 2014 (pictures)
    ZTE's wallet-friendly Grand X (pictures)
    Lenovo reprises clever design for the Yoga Tablet 2 (Pictures)
    Top-rated reviews of the week (pictures)