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IBM Acquires Softek

ARMONK, N.Y. -- IBM (NYSE:IBM - News) today announced a definitive agreement to acquire Softek Storage Solutions Corporation, a privately held company based in Vienna, Virginia. Financial terms were not disclosed. The acquisition is subject to regulatory approvals and other customary closing conditions. Upon completion of the agreement, Softek will become part of the Storage and Data Services business unit in IBM Global Technology Services.

The acquisition of Softek is the latest example of IBM's continuing strategy to blend software, hardware, and research into higher-margin, standardized services that can be used with multiple clients to help them transform their businesses.

IBM will integrate Softek's data mobility technology and best practices with IBM's methods and expertise in storage and data services. As a result, IBM and its business partners will help clients increase the flexibility, efficiency and reliability of moving data, enabling them to quickly respond to market needs and seize new opportunities.

Softek's patented Transparent Data Migration Facility (TDMF) solution enables a simple, unified approach to the non-disruptive movement and management of data across storage vendor platforms and operating system environments, as part of an information technology (IT) infrastructure change. By using Softek's solutions, clients can improve their ability to migrate data while keeping data online and applications available for end users.

Businesses increasingly require the ability to cost-effectively move data in a standard, reliable and timely manner, without impacting business operations. IBM has a significant opportunity to meet the market need for a standard solution for data migration, while extending its leadership in storage and data services.

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