IBM announced it has acquired StoredIQ Inc. , a privately held company based in Austin, Texas.
StoredIQ advances IBM’s efforts to help clients derive value from big data to respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.
With StoredIQ, IBM adds to its big data offerings giving organizations tools for more effective governance of the vast majority of information, including its timely disposal to eliminate unnecessary data that consumes infrastructure and elevates risk.
StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares, desktops and collaboration sites. This includes the ability to discover, analyze, monitor, retain, collect, de-duplicate and dispose of data. In addition, StoredIQ can rapidly analyze high volumes of unstructured data in place for disposal eligibility and automatically dispose of files and emails in compliance with policy.
StoredIQ adds to IBM’s Information Lifecycle Governance suite and enhances its advantage in improving information economics by enabling customers to rapidly achieve defensible disposal and related cost and risk takeout. Unlike other systems that require months to index data and years to configure and install, and those that address information governance without improving information economics, StoredIQ can be up and running in just hours, immediately helping clients drive out cost and risk.
"CIOs and general counsels are overwhelmed by volumes of information that exceed their budgets and their capacity to meet legal requirements,” said Deidre Paknad, vice president of Information Lifecycle Governance at IBM. “With this acquisition, IBM adds to its unique strength as a provider able to help CIOs and attorneys rapidly drive out excess information cost and mitigate legal risks while improving information utility for the business”.
Consistent with IBM strategy, IBM intends to enhance the value received by StoredIQ’s clients by enabling them to take advantage of the broader IBM portfolio. IBM will incorporate StoredIQ into its Software Group and its Information Lifecycle Governance business. This acquisition builds on the prior acquisitions of PSS Systems and Vivisimo, which forms the cornerstone of IBM's Information Lifecycle Governance strategy to improve information economics.
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