Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for October 13th, 2010

IBM Acquires PSS Systems

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IBM today announced that it has acquired PSS Systems, a privately held company based in Mountain View, Calif.

Financial terms of the deal were not disclosed.

PSS Systems’ software helps organizations analyze, automate and implement information governance policies across massive amounts of electronic business information and dispose of that information in an automated way.  These capabilities are critical elements to remaining responsive to legal obligations while reducing data storage costs.

As information continues to grow at exponential rates, companies across a wide range of industries are looking for ways to reduce the costs of collecting, processing, reviewing and storing information by setting information disposal policies that can meet legal requirements.

To improve the management of data and these increasing legal obligations, Chief Legal Officers and CIOs are investing in software to automate and implement routine enforcement of information governance and retention policies.  Needlessly retaining information increases business risk, impedes the ability to respond to legal requests, and puts costs restraints on organizations in every industry.

Finding Information Faster

A recent study by the Compliance, Governance and Oversight Council found that fewer than 25 percent of organizations were able to dispose of data properly because they lacked rigorous legal hold management practices and effective record retention programs. The report also estimates that that costs associated with legal electronic discovery average more than $3 million per case and about 70 percent of information is often needlessly retained.

By combining PSS Systems’ software with IBM’s complementary Information Lifecycle Governance software, IBM is uniquely positioned to deliver a comprehensive portfolio of offerings that address client’s needs to manage, automate, and apply policies to address the interlocking needs of the CLO, CIO and lines-of-business constituents.

PSS Systems has an established base of clients, including seven of the top 10 Fortune 500 companies, across a wide variety of industries worldwide including financial services, pharmaceutical, petro-chemical, healthcare and energy. Companies such as Abbott, BASF, BP, ConocoPhillips, Devon Energy, First Data, GE, Pfizer and Williams use PSS Systems software solutions.

PSS Systems founded the Compliance, Governance and Oversight Council (CGOC), a corporate practitioner’s forum with more than 800 members.  They also developed the industry leading Information Governance Process Maturity Model which includes process assessment and business case methodologies, best practice tools and delivery models for legal and IT professional.

With this acquisition, IBM expands its suite of Information Lifecycle Governance solutions, which include content assessment, collection, archiving, imaging, advanced classification, records management, e-discovery search and analytics as well as IBM’s storage management and Smart Archive strategy.

IBM intends to integrate PSS Systems within the IBM ‘s Software Group.  You can learn more here.

Written by turbotodd

October 13, 2010 at 2:35 pm

The Phoenix Has Landed

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What a great day.

I heard the news last night that rescuers were close to pulling the first of the Chilean miners out of the mine using the “Phoenix” capsule, but went to bed before the first miner had been lifted out of that deep hole.

As of this morning, 12 of the 33 trapped miners have been rescued, and they’re reporting they’ll now be able to pull out a single man every 50 minutes (it was originally taking an hour).

If I were one of those miners or their family, I think those ten minutes might add up quickly and I’d be happy for every shortcut I could get.

Due credit to Chilean president Sebastian Pinera, who was a believer long before they had even confirmed whether or not the men had survived the mine collapse, and to all the parties involved in the rescue: Our own folks from NASA, the psychologists on the surface caring for the men during their traumatically long stay, the American experts drilling the holes, and of course, all the families who stood vigil waiting for their loved ones.

Two months they were down there, people.  70 days, to be precise.  Think about that the next time somebody cuts you off on the freeway or takes the last loaf of bread at the grocery store.

Speaking of the last loaf of bread, I can’t refrain from also commenting on my Texas Rangers who, for the first time in franchise history, won an American League division playoff last evening against the Tampa Bay Rays and are headed to meet the New York Yankees in the American League Championship Series starting this Friday.

That’s fifty years of Texas baseball with nary a division breakout and trip to the ALCS.

Finally.

Cliff Lee’s pitching performance was a big contributor to the road to the show: He won Texas game one, and then threw a six-hitter last night: 90 strikes in 120 pitches.  And, of course, Texas had some sharpshooter base running for the early scoring.

So now, of course, I have a personal moral dilemma.

Any other year I’d be rooting for the Yankees in the post-season playoffs, but with Texas’ chance to finally head to a World Series, I have to root for the Rangers (just as I did for the Astros several years ago when they finally made their first showing in the world championship).

The way I see it, I can’t lose: One of my two favorite baseball teams is going to the World Series this year.

And the entire world wins as the Chilean miners continue to make the trip out of that long, dark hole in the Phoenix.

“The Chilean moon landing,” Kerry Sanders called it on MSNBC reporting live from the scene.

Amen, brother.  The Phoenix has landed.

Written by turbotodd

October 13, 2010 at 2:16 pm

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