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IBM Completes Acquisition Of StoredIQ

                    IBM Completes Acquisition Of StoredIQ

- Expands IBM's Big Data Initiatives -

PR Newswire

ARMONK, N.Y., Feb. 7, 2013

ARMONK, N.Y., Feb. 7, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced it
has completed the acquisition of StoredIQ, a privately held company based in
Austin, Texas.

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

The acquisition advances IBM's efforts to help clients derive value from big
data, respond more efficiently to litigation and regulations, and dispose of
information in an automated way that has outlived its purpose.

IBM estimates that 2.5 quintillion bytes of data are created every day -- so
much that 90 percent of the data in the world today has been created in the
last two years alone. As a result, chief information officers (CIOs) and
general counsels (GCs) are overwhelmed by volumes of information that exceed
their tax IT budgets and their capacity to meet legal requirements. Storing
old, unnecessary data adds storage and infrastructure costs and compromises
companies' ability to effectively comply with legal obligations.

Adding StoredIQ to IBM's big data offerings gives organizations tools for more
effective governance of the vast majority of information, including its timely
disposal to eliminate unnecessary data that consumes infrastructure and
elevates risk. The addition of StoredIQ builds on IBM's prior acquisitions of
PSS Systems and Vivisimo as well as organic solutions that improve information
economics including value-based archiving, records and retention management,
ediscovery management, and disposal and data governance.

StoredIQ software provides scalable in-place analysis and management of
disparate and distributed email, file shares, desktops and collaboration
sites. It can rapidly analyze high volumes of unstructured data and can be
configured to automatically collect it for ediscovery purposes as well as
dispose of files and emails in compliance with regulatory requirements. As a
result, legal teams can mitigate risks by meeting compliance obligations more
effectively, and IT can dispose of unnecessary data and align information cost
to value to take out excess costs.

"Most CIOs and GCs know they're saving too much data, which drives up IT costs
and increases legal risk," said Deidre Paknad, Vice President of Industry
Solutions, who is leading the integration of StoredIQ at IBM. "With IBM and
StoredIQ, organizations can maximize the value of big data and more
effectively meet growing legal and privacy duties while disposing of data
debris to control both cost and risk."

CIOs and general counsels can avoid big data hoarding -- and all the expense
and risk that goes along with it – by efficiently automating information
governance and disposal."

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.

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/bigdata
 
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