IBM Acquires Storwize for Undisclosed Sum

  • Feed Type
  • Date
    7/29/2010
  • Company Name
    Storwize
  • Mailing Address
    2 Mount Royal Ave Marlborough, MA 01752
  • Company Description
    Storwize, Inc. is the leader provider of real-time data compression solutions that dramatically boost storage space on network storage environments. The Storwize appliance provides organizations with additional capacity and associated savings in capital, operational, maintenance and management resources. Storwize appliances are installed between the organization’s storage arrays and their network. Designed to work with any storage array it is connected to, the Storwize appliance has been successfully tested for interoperability with leading storage vendors such as EMC and NetApp.
  • Website
    http://www.storewize.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Financial terms of the transaction were not disclosed.

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