IBM Acquires NovusCG

Additional storage capabilities added to IBM's industry-leading services portfolio

October 24, 2007

1 Min Read
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ARMONK, N.Y. -- IBM (NYSE: IBM) today announced a definitive agreement to acquire NovusCG, a privately-held storage solutions company based in Manassas, Virginia. Financial terms were not disclosed. Novus will become part of the Storage and Data Services business unit in IBM Global Technology Services.

The combined capabilities of IBM Storage and Data Services and Novus will provide clients improved access to business information, enable stronger regulatory and corporate compliance, and boost their overall information technology performance. IBM will integrate Novus storage service assets and best practices with IBM’s existing leadership in storage and data services, storage hardware and software solutions. As a result, IBM will be uniquely positioned to help clients reduce costs and better align their storage and data environment to their lines of business.

The acquisition of Novus follows the IBM Storage and Data Services acquisition of Softek Storage Solutions earlier this year, and is the latest example of IBM’s continuing strategy to provide standardized services which deliver high value and more predictable business results to clients. This will leverage Novus’ asset-based delivery model, proprietary tools, formalized methodologies and multi-vendor skills.

“Clients of all sizes are challenged to drive more effective utilization of their infrastructure to conserve energy and save money while serving their business goals,” said Val Rahmani, general manager, Infrastructure Management Services, IBM Global Technology Services. “The acquisition of Novus marks a turning point for our clients. This provides what clients have been missing – the information that will allow them to align their IT and business strategies.”

IBM Corp.

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