IBM Acquires Storage Company Diligent Technologies

Susan Hall

IBM has bought another storage vendor, this time de-duplication software specialist Diligent Technologies. Though financial terms were not disclosed, The Register's finger on the pulse of the rumor mill puts it at $200 million.

 

Diligent's de-duplication software integrates with server and storage infrastructures to help reduce the amount and cost of physical storage required in data centers, according to CNNMoney.com.

 

Software continues to drive growth at IBM, reports eWEEK, with Big Blue this week reporting profits up 22 percent in the first quarter. In issuing the report, notes Reuters, Chief Financial Officer Mark Loughridge said the company continues to look for additional acquisitions.

 

He's quoted as saying:

"We're not buying resources or snap-on divisions" to increase revenue, "but intellectual property that we can rapidly scale for our rapidly growing set of geographies. Generally, most intellectual property that's rapidly scalable is in fact in software."


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