Saturday, July 31, 2010

(TECH) IBM Acquires Israeli Online Storage Optimization Provider Storwize

"IBM has acquired the online storage optimization provider Storwize, to help IBM clients further improve storage efficiency, reduce storage requirements. Financial terms were not disclosed.

Storwize, a privately held company based in Marlborough, Massachusetts USA, have raised $38 million in VC backing thus far, from Bessemer Venture Partners, Sequoia Capital, Tenaya Capital, Tamares Group, and Tokyo Electron Device.

Storwize provides online storage optimization through real-time data compression, delivering dramatic cost reduction without performance degradation. The company has over one hundred customers such as Mobileye, Polycom Israel, Shopzilla and Sumitomo Mitsui Construction across a wide range of industries including energy, manufacturing, finance, insurance, telecommunications and cloud services.

'Real-time data compression helps address a significant client need -- making it affordable to analyze and make sense of massive amounts of data in order to provide new services,' said Brian Truskowski, general manager, IBM System Storage and Networking. 'By adding Storwize to our innovative portfolio of storage solutions, IBM is better equipped than ever to help clients handle growing quantities of data and make more of it available for analytics.'

'IBM has the strongest vision for the future direction of storage and we are pleased to become a part of that vision,' said Ed Walsh, CEO, Storwize. 'Our customers will benefit significantly as our talented employees and innovative storage solutions merge with IBM's world-wide reach in sales, service and research and development.'

This acquisition continues IBM's investment in real-time compression, which has been proven for DB2 and Informix to reduce the overall total cost of information ownership by up to 80%. The Storwize appliance will work with popular NAS systems, including IBM N series and SONAS, as well as non-IBM NAS systems from EMC, HP, NetApp and others.

Storwize was founded in 2004 by Gal Naor, the company president, along with Jonathan Amit, the current Chief Technology Officer of Storwize. Ori Bauer, who joined Storwize in 2008 as Vice President of Engineering, is managing the company R&D site in Israel." (source)

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