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IBM acquires storage compression company

IBM acquires storage compression company

IBM on Thursday said it had agreed to acquire data compression technology company Storwize for an undisclosed sum.

The acquisition is expected to close in the third quarter of this year, IBM said in a release.

torwize provides technology that compresses files and other types of data in real time in multiple computing environments, IBM said. Storwize’s data compression technology does not degrade system or application performance, and creates space to store more data in IT environments.

Read More/Source: Infoworld

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