IBM to acquire flash memory solutions developer Texas Memory Systems
Technology giant IBM has entered into an agreement to acquire a developer of flash memory solutions, Texas Memory Systems (TMS), for an undisclosed sum.
“The TMS strategy and solution set align well with our Smarter Computing approach to information technology by helping clients realise increased performance and efficiencies at lower costs,” said Brian Truskowski, general manager, Systems Storage and Networking, IBM.
TMS is a privately held company based in Houston, Texas, that designs and sells high-performance solid state storage solutions.
Solid state systems are high-speed data storage solutions based on Flash or RAM memory that can provide faster throughput and data access while consuming less power, IBM said.
TMS’ solutions are designed to help companies improve performance and reduce server sprawl, power consumption, cooling, and floor space requirements.
“Solid state technology, in particular, is a critical component of our new Smarter Storage approach to the design and deployment of storage infrastructures, and part of a holistic approach that exploits flash in conjunction with disk and tape technologies to solve complex problems,” Truskowski added.
Once the deal closes, IBM plans to invest in and support the TMS product portfolio, and will seek to integrate TMS technologies into various solutions, including storage, servers, software, and PureSystems offerings.
“IBM understands the positive and dramatic impact that solid state technology can have on storage and server infrastructures, and once the acquisition is complete we look forward to advancing the technology even further. With the global reach of IBM, we expect to grow the engineering staff and product lines much faster than we could before,” said Holly Frost, founder and CEO of TMS.
The deal is expected to close later this year.