IBM to Acquire StoredIQ

                           IBM to Acquire StoredIQ

PR Newswire

ARMONK, N.Y., Dec. 19, 2012

ARMONK, N.Y., Dec. 19, 2012 /PRNewswire/ --IBM (NYSE: IBM) today 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.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

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:

  oEliminating unnecessary cost and risk with defensible disposal of unneeded
    data
  oEnabling businesses to realize the full value of information as it ages
  oAligning cost to the value of information
  oReducing information risk by automating privacy, e-discovery, and
    regulatory policies

Adding StoredIQ to IBM's Information Lifecycle Governance suite gives
organizations 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 analyze 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, analyze, monitor, retain, collect,
de-duplicate and dispose of data. In addition, StoredIQ can rapidly analyze
high volumes of unstructured data and automatically dispose of files and
emails in compliance with regulatory requirements.

"CIOs and general counsels are overwhelmed by volumes of information that
exceed their budgets and their capacity to meet legal requirements," said
Deidre Paknad, vice president of Information Lifecycle Governance at IBM.
"With this acquisition, IBM adds to its unique strengths as a provider able to
help CIOs and attorneys rapidly drive out excess information cost and mitigate
legal risks while improving information utility for the business."

"Together, IBM and StoredIQ can empower organizations to more efficiently use
and govern their unstructured data to increase its value and eliminate
unnecessary cost and risk," said Phil Myers, StoredIQ CEO. "IBM and StoredIQ
are longstanding partners with existing integration between IBM's Information
Lifecycle Governance suite and StoredIQ's active data management software."

Named a 2012 Cool Vendor by Gartner, StoredIQ has more than 120 customers
worldwide, including global leaders in financial services, healthcare,
government, manufacturing and other sectors. Other systems require months to
index data and years to configure, install and address information governance.
StoredIQ can be up and running in just hours, immediately helping clients
drive out cost and risk.

IBM intends to incorporate StoredIQ into its Software Group and its
Information Lifecycle Governance business. Building on prior acquisitions of
PSS Systems in 2010 and Vivisimo in 2012, IBM adds to its strength in rapid
discovery, effective governance and timely disposal of data.

The acquisition of StoredIQ is subject to customary closing conditions and is
expected to close in the first quarter of 2013.

For more information on IBM's Information Lifecycle Governance suite, visit
ibm.com/ilg.

For more information on IBM's big data platform, visit ibm.com/bigdata.

Media Contact:
Mike Azzi
IBM Media Relations
914-766-1561
azzi@us.ibm.com

SOURCE IBM

Website: http://www.ibm.com
 
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