IBM buys Israeli storage start-up XIV
Reports place the deal's value at $300 million to $350 million
Nextra's self-healing, self-tuning and dynamic scaling capabilities will give IBM new technology to address the growing requirement for high-performance storage for digital archives, digital media and Web 2.0 applications, IBM said.
Around 4 petabytes (4 million gigabytes) of Nextra storage are already in service, XIV said.
XIV employees will join IBM's system storage business unit, the companies said. Moshe Yanai, chairman of XIV, previously worked at EMC Corp.
The companies would not put a price on the deal, but reports in the Israeli financial press earlier this week valued it at $300 million to $350 million.
Read more about Data Storage in Computerworld's Data Storage Topic Center.
- Data Warehouse Augmentation: The Queryable Data Store While organizations have, to date, been busy exploring and experimenting, they are now beginning to focus on using big data technologies to solve...
- Rebranded Quadmark revamps its IT solutions with Google Apps Switching to Google Apps halved Quadmark's IT admin costs while achieving 10% time savings per employee. The global consulting firm now spends 80%...
- CrashPlan PROe Security Because mobile laptops often are connected to unsecured networks, a very high standard of security is required to ensure privacy.
- Protecting Digitalized Assets in Healthcare Healthcare providers face an urgent, internal battle every day: security and compliance versus productivity and service. For most healthcare organizations, the fight is...
- Live Webcast LIVE EVENT: 5/7, The End of Data Protection As We Know It. Introducing a Next Generation Data Protection Architecture. Traditional backup is going away, but where does this leave end-users?
- LIVE EVENT: 5/7, The End of Data Protection As We Know It. Introducing a Next Generation Data Protection Architecture. Traditional backup is going away, but where does this leave end-users?
- Make or Break: New Auto Products Must Go To Market On Time This Webcast quantifies the value of time to market for the auto industry and highlights how Primavera Enterprise Portfolio Management can help organizations. All Data Storage White Papers | Webcasts