IBM To Acquire StoredIQ for Big Data Capabilities

IBM announced it has entered into a definitive agreement to acquire StoredIQ Inc., a privately held company based in Austin, Texas.

Adding to IBM's big data initiatives the StoredIQ capabilities will help clients respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.   It will add to IBM's Information Lifecycle Governance and enhance the ability to have effective governance over the vast majority of data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk.

StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares and collaboration sites. This includes the ability to discover, analyze, monitor, retain, collect, de-duplicate and dispose of data. In addition, StoredIQ can rapidly analyze high volumes of unstructured data and automatically dispose of files and emails in compliance with regulatory requirements.

“CIOs and general counsels are overwhelmed by volumes of information that exceed their budgets and their capacity to meet legal requirements,” said Deidre Paknad, vice president of Information Lifecycle Governance at IBM. “With this acquisition, IBM adds to its unique strengths as a provider able to help CIOs and attorneys rapidly drive out excess information cost and mitigate legal risks while improving information utility for the business.”

IBM intends to incorporate StoredIQ into its Software Group and its Information Lifecycle Governance business. Building on prior acquisitions of PSS Systems in 2010 and Vivisimo in 2012, IBM adds to its strength in rapid discovery, effective governance and timely disposal of data.