Feeds

IBM swallows Tel Aviv storage firm

Buys privately-held XIV

Gartner critical capabilities for enterprise endpoint backup

Computer giant IBM said today that it has acquired Israel-based storage firm XIV for an undisclosed sum.

The buy-out of the privately held company, which has around 40 staff working at its office in Tel Aviv, is the latest in a series of acquisitions IBM has made in recent months as part of a long-term strategy to help give the firm a leg-up in the expanding storage market.

An IBM spokesman told The Register that while the XIV acquisition was smaller than some of its other purchases, he reckoned that the latest take-over demonstrated the firm's willingness to "stretch outside of the boundaries of IBM to see how we can collaborate with others to bring in new ideas and technologies."

He added that beefing up IBM's storage portfolio was a key strategy for the firm over the next few years.

He remained tight-lipped on the costs involved with the deal, but Israeli media reported that the firm was paying $300m to $350m for XIV.

IBM was also keeping quiet on when it planned to announce roadmaps for integrating its new buys with the firm's storage biz.

IBM has recently been on a storage spending spree in which it has bought Softek, Filenet and NovusCG, and just last month it acquired Arsenal Digital Solutions.

"What we're doing is we're putting a stamp on it to say, look, we've acquired XIV, we're going after these markets, watch this space," said the spokesman. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Object storage bods Exablox: RAID is dead, baby. RAID is dead
Bring your own disks to its object appliances
Nimble's latest mutants GORGE themselves on unlucky forerunners
Crossing Sandy Bridges without stopping for breath
A beheading in EMC's ViPR lair? Software's big cheese to advise CEO
Changes amid rivalry in the storage snake pit
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.