IBM to acquire NovusCG
Big Blue plans to integrate the storage technology provider into its Storage and Data Services unit.
IBM is looking to pack more stuff in its Storage and Data Services unit, announcing Wednesday plans to acquire NovusCG.
Under the deal, NovusCG will be integrated into Big Blue's Storage and Data Services unit, in a move to provide customers with enhanced access to business information and stronger compliance with regulatory requirements. NovusCG's technology is designed to analyze and assess data, as customers seek to increase their storage amid a rapid rise in their digital information.
The NovusCG buyout will follow Big Blue's acquisition of Softek Storage Solutions earlier this year. Softek, which focuses on data movement technology, was also integrated into IBM's Storage and Data Services unit.
Financial terms of the NovusCG deal were not disclosed.