IBM To Acquire Real-Time Data Compression Provider Storwize
IBM announced today it has entered into a definitive agreement to acquire Storwize, a privately held company based in Marlborough, MA.
Storwize provides real-time data compression technology to help clients reduce physical storage requirements by up to 80%, which improves efficiency and lowers the cost of making data available for analytics and other applications.
Storwize has over one hundred customers such as Mobileye, Polycom Israel, Shopzilla, Inc. and Sumitomo Mitsui Construction across a wide range of industries including energy, manufacturing, finance, insurance, telecommunications and cloud services.
With Storwize, IBM is acquiring storage technology that is unique in the industry in that it can compress primary data, or data that clients are actively using, of multiple types — from files to virtualization images to databases — in real-time while maintaining performance.
This is in contrast to other storage compression technologies that only compress secondary or backup data. By compressing primary data, Storwize users can store up to five times more data using the same amount of storage, preventing storage sprawl and lowering power and cooling costs.
This is important now more than ever as the world’s data already vastly exceeds available storage space and enterprise demand for storage capacity worldwide is projected to grow at a compound annual growth rate of over 43% from 2008 to 2013, according to IDC.
With Storwize, analytics applications can improve decision making by scanning many more years of historical data from multiple sources without the need to add additional storage equipment. Compressing data in real-time can also help make data available up to four times faster for transaction workloads.
Running Storwize data compression does not affect business and IT processes or other applications and does not require special skills to maintain. Product installation can be completed in as little as four hours, with little or no downtime.
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 acquisition is anticipated to close in the third quarter of 2010, subject to the satisfaction of customary closing conditions. Financial terms were not disclosed.