IBM To Acquire StoredIQ

IBM has announced it has entered into a definitive agreement to acquire StoredIQ Inc., a privately held company based in Austin, Texas. Financial terms of the deal were not disclosed.

StoredIQ will advance IBM’s efforts to help clients derive value from Big Data and respond more efficiently to litigation and regulations, dispose of information that has outlived its purpose and lower data storage costs.
With this agreement, IBM adds to its prior investments in Information Lifecycle Governance. The addition of StoredIQ capabilities enables clients to find and use unstructured information of value, respond more efficiently to litigation and regulatory events and lower information costs as data ages.

IBM’s Information Lifecycle Governance suite improves information economics by helping companies lower the total cost of managing data while increasing the value derived from it by eliminating unnecessary cost and risk with defensible disposal of unneeded data, enabling businesses to realise the full value of information as it ages, aligning cost to the value of information and reducing information risk by automating privacy, e-discovery, and regulatory policies.

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Adding StoredIQ to IBM’s Information Lifecycle Governance suite gives organisations more effective governance of the vast majority of data, including efficient electronic discovery and its timely disposal, to eliminate unnecessary data that consumes infrastructure and elevates risk. As a result, business leaders can access and analyse Big Data to gain insights for better decision-making. Legal teams can mitigate risk by meeting e-discovery obligations more effectively. Also, IT departments can dispose of unnecessary data and align information cost to value to take out excess costs.

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, analyse, monitor, retain, collect, de-duplicate and dispose of data. In addition, StoredIQ can rapidly analyse high volumes of unstructured data and automatically dispose of files and emails in compliance with regulatory requirements.