IBM to acquire StoredIQ

IBM yesterday announced it has entered into a definitive agreement to acquire privately-owned data management company StoredIQ Inc based in Austin, Texas, for an undisclosed sum.

StoredIQ will advance IBM's efforts to help clients derive value from big data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs. 

With this agreement, IBM will strengthen its earlier investment in Information Lifecycle Governance.

IBM intends to incorporate StoredIQ into its Software Group and its Information Lifecycle Governance business. Building on prior acquisitions of PSS Systems in 2010 and Vivisimo in 2012, IBM adds to its strength in rapid discovery, effective governance and timely disposal of data. 

"The addition of StoredIQ capabilities enables clients to find and use unstructured information of value, respond more efficiently to litigation and regulatory events and lower information costs as data ages," IBM said in a statement. 

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 by eliminating unnecessary cost and risk with disposal of unneeded data, enabling businesses to realise the full value of information as it ages, aligning cost to the value of information, and reducing information risk by automating privacy, e-discovery, and regulatory policies.