Posted by: Sonia Lelii
IBM has announced plans to acquire partner StoredIQ, an Austin, Texas-based software company that specializes in classifying and managing big data, particularly for regulatory compliance and legal reasons.
The financial terms of the acquisition were not disclosed, but IBM expects to close on the deal around March of 2013.
StoredIQ has been an IBM partner for two years. IBM’s Tivoli data management and archive storage systems are already certified to work with StoredIQ applications. The technology dynamically identifies and classifies data that either needs to be retained or decommissioned, while also governing who has access to what data.
Big Blue plans to make StoredIQ’s technology a part of IBM’s Information Lifecycle Governance (ILG) suite that has the ability to set management policies, mine and assess what data is valuable and what data should be deleted. The company’s software does not overlap with IBM’s current products in this area, said Ken Bisconti, IBM’s vice president for Enterprise Content Management (ECM) software.
“They have the ability to dynamically identify data that is in place,” Bisconti said. “Most vendors require companies to move files to a separate repository before it’s classified and managed. StoredIQ dynamically collects that information wherever it resides. We have the ability to collect data in a repository but we did not have the ability to dynamically collect it.”
Bisconti said IBM will retain StoredIQ’s staff, which they consider essential intellectual property. The company has 50 employees to date. Also, more integration will be done with the ILG suite. StoredIQ’s software already works with the ILG portfolio. IBM’s policy governance technology manages the overall plan of identifying high-value data versus low-value data. Those instructions are sent to the StoredIQ engine, which executes the policy.
“For example, StoredIQ can do e-discovery for data that is in place if you have to respond to a request for discovery material,” Bisconti said. “Typically, companies have a difficult time to get to data that was not moved to a repository.”
StoredIQ was founded in 2001 under the name of DeepFile Corp., a data classification company that created metadata to manage different types of unstructured data. The company later changed its name to StoredIQ and focused on compliance and e-discovery to help companies figure out what data to keep and what to delete.
IBM’s information lifecycle governance business is part of its software group.