IBM recently announced it has completed the acquisition of StoredIQ, a privately held company based in Austin, Texas.
The acquisition advances IBM’s efforts to help clients derive value from big data, respond more efficiently to litigation and regulations, and dispose of information in an automated way that has outlived its purpose.
IBM estimates that 2.5 quintillion bytes of data are created every day -- so much that 90 percent of the data in the world today has been created in the last two years alone. As a result, chief information officers (CIOs) and general counsels (GCs) are overwhelmed by volumes of information that exceed their tax IT budgets and their capacity to meet legal requirements. Storing old, unnecessary data adds storage and infrastructure costs and compromises companies’ ability to effectively comply with legal obligations.
Adding StoredIQ to IBM’s big data offerings gives organizations tools for more effective governance of the vast majority of information, including its timely disposal to eliminate unnecessary data that consumes infrastructure and elevates risk. The addition of StoredIQ builds on IBM's prior acquisitions of PSS Systems and Vivisimo as well as organic solutions that improve information economics including value-based archiving, records and retention management, ediscovery management, and disposal and data governance.
Please read the entire press release here