IBM picks up data compression company Storwize

by Larry Dignan

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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.

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.

Topics:: Corporate and legal,; Servers and business storage

Tags:: data compression,; storage,; Storwize,; IBM

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