IBM completes acquisition of StoredIQ

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

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 added Paknad.

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.