IBM Acquiring Information Management Company StoredIQ
International Business Machines (IBM) has acquired an information management company based in Austin, Texas called StoredIQ. StoredIQ specializes in analyzing and managing unstructured enterprise data. IBM is going to integrate StoredIQ’s software into their big data strategy with a focus on governance, secure data disposal, and storage cost reductions. StoredIQ will be integrated into IBM’s Information Lifecycle Governance suite.
[StoredIQ's] software provides scalable analysis and governance of disparate and distributed e-mail as well as file shares 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 and automatically dispose of files and emails in compliance with regulatory requirements.
StoredIQ has around 120 customers across the financial, healthcare, government, and manufacturing companies. The deal is expected to close in Q1 of next year.