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Big Blue snaps Israeli storage start-up

IBM (opens in new tab) has completed its fourth recent storage related acquisition after it agreed to purchase Isral-based Storage Area Network equipment manufacturer, XIV.

The five year old company's flagship, the Nextra, allows a group of storage appliances to be merged and seen as a single entity and estimates that Nextra is used to managed more than 4000 Terabyte of Data worldwide.

XIV will integrate IBM's Storage Systems and Technology Group and will help IBM strengthen its storage sector to fend off the competition from EMC.

Infoworld says that the deal has been valued between USD 300 and USD 350 million; In addition to XIV IBM has also recently purchased Softek, FileNet and NovusCG.

"The acquisition of XIV will further strengthen the IBM infrastructure portfolio long term and put IBM in the best position to address emerging storage opportunities like Web 2.0 applications, digital archives and digital media," added Andy Monshaw, general manager of IBM System Storage.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.