Feeds

IBM swallows Tel Aviv storage firm

Buys privately-held XIV

Application security programs and practises

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. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Attack of the clones: Oracle's latest Red Hat Linux lookalike arrives
Oracle's Linux boss says Larry's Linux isn't just for Oracle apps anymore
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.