Report: IBM In Talks To Buy Real-Time Data Compression Startup Storwize For $140M
Leena Rao currently works as a writer for TechCrunch.
She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More
Big Blue is close to buying real-time data compression startup Storwize for $140 million, according to Israeli newspaper The Marker.
Storwize offers a real-time data compression technology that aim to boost storage space on network storage environments. Storwize appliances are installed between the organization’s storage arrays and their network and promises two to five times the additional storage capacity. Founded in 2004, the startup has raised $40 million in funding from Sequoia Capital, Bessemer Venture Partners and others.
This year, IBM has bought up health care data management firm Initiate, Intelliden, Cast Iron Systems, and most recently Sterling Commerce.
