IBM has announced it has completed the acquisition of StoredIQ, a
privately held company based in Austin, Texas.
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