Spending Spree: IBM's 2010 Acquisitions - Slide 6
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Who: Storwize, makes real-time data compression software
Amount: $140 million
Why: SearchStorage.com quotes Doug Balog, IBM vice president of storage, as saying:
We bought a compression company, got a great team and a great technology, and we also got a great name to symbolize efficient storage … So we're repurposing the name of the company to be our new midrange storage brand.
Earlier this year, IBM CEO Samuel J. Palmisano laid out a five-year, $20 billion acquisition plan. Those acquisitions are expected to be concentrated in business analytics and optimization, as well as cloud computing and technology in areas such as traffic management, energy and health.
Indeed, IBM has been on a spending spree this year, snatching up companies that offer technologies ranging from cross-channel commerce to cloud integration, from real-time data compression to marketing.
Here’s a list of IBM’s acquisitions in 2010 -- so far – from bringing in network strengths to cutting edge security and analytics.
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