Storability Inc. said today that it has swallowed the storage resource management (SRM) software assets of defunct startup ProvisionSoft, which shut its doors in April, for an undisclosed sum (see Storability Buys ProvisionSoft IP).
Southborough, Mass.-based Storability says it has bought all the intellectual property and "intangible assets" connected with ProvisionSofts DynamicIT software product. Ill-fated ProvisionSoft launched its SRM tool last summer but reportedly managed to find just one customer for the product. Its parent company, CMGI, finally shut it down earlier this year after failing to find a buyer (see Live and Let Die, ProvisionSoft at Half-Staff, and Startup Puts SANs on Cruise Control).
Although Storability wont reveal how much it paid for ProvisionSofts technology, the company insists that the terms of the deal were very favorable. We were satisfied with the value that we got for what we paid, says Asim Zaheer, Storability's VP of marketing.
The ProvisionSoft software, which provides automated, policy-based SAN and server management, will allow Storability to enhance its existing storage resource management offering, according to Zaheer.
We think it complements what were doing pretty nicely, he says, pointing out that the new product provides the advanced workflow and provisioning capabilities that Storabilitys products lack. We were going to develop this capability ourselves, but this speeds our time to market.