IBM wraps up StoredIQ acquisition

7 Feb 2013

Technology giant IBM has completed its acquisition of information management firm StoredIQ for an undisclosed sum.

The deal should enhance IBM’s ability to help clients derive value from big data, respond more efficiently to litigation and regulations, and dispose of information that has outlived its purpose in an automated manner.

“Most CIOs and general counsels 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, organisations can maximise 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,” Paknad added.

“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.”

Tina Costanza was a journalist and sub-editor at Silicon Republic