Feeds

IBM swallows Tel Aviv storage firm

Buys privately-held XIV

Choosing a cloud hosting partner with confidence

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. ®

Security for virtualized datacentres

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Bitcasa bins $10-a-month Infinite storage offer
Firm cites 'low demand' plus 'abusers'
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
CAGE MATCH: Microsoft, Dell open co-located bit barns in Oz
Whole new species of XaaS spawning in the antipodes
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
AWS pulls desktop-as-a-service from the PC
Support for PCoIP protocol means zero clients can run cloudy desktops
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.