Feeds

IBM swallows Tel Aviv storage firm

Buys privately-held XIV

Maximizing your infrastructure through virtualization

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. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
Disaster Recovery upstart joins DR 'as a service' gang
Quorum joins the aaS crowd with DRaaS offering
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.