IBM Acquires Storwize for Undisclosed Sum
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4bca71a5-6aba-4687-9a90-bf82d08060da&Preview=1 - Date
7/29/2010 - Company Name
Storwize - Mailing Address
2 Mount Royal Ave Marlborough, MA 01752 - Company Description
Storwize, Inc. is the leader provider of real-time data compression solutions that dramatically boost storage space on network storage environments. The Storwize appliance provides organizations with additional capacity and associated savings in capital, operational, maintenance and management resources. Storwize appliances are installed between the organization’s storage arrays and their network. Designed to work with any storage array it is connected to, the Storwize appliance has been successfully tested for interoperability with leading storage vendors such as EMC and NetApp. - Website
http://www.storewize.com - Transaction Type
M&A - Transaction Amount
Undisclosed - Transaction Round
- Proceeds Purposes
- M&A Terms
Financial terms of the transaction were not disclosed.
