IBM Acquires XIV

TEL AVIV and ARMONK, N.Y. -- IBM (NYSE: IBM) today announced it has acquired XIV, a privately held storage technology company based in Tel Aviv, Israel. XIV, its technologies and employees, will become part of the IBM System Storage business unit of the IBM Systems and Technology Group. Financial terms of the acquisition are not being disclosed.

"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," said Andy Monshaw, general manager, IBM System Storage. "The ability for almost anyone to create digital content at any time has accelerated the need for a whole new way of applying infrastructure solutions to the new world of digital information. IBM's goal is to provide the leading technologies and solutions at every layer of the data center -- storage, servers, software and services -- to address these new realities IT customers face."

To address the new requirements associated with next generation digital content, IBM chose XIV and its NEXTRA architecture for its ability to scale dynamically, heal itself in the event of failure, and self-tune for optimum performance, all while eliminating the significant management burden typically associated with rapid growth environments. The architecture also is designed to automatically optimize resource utilization of all the components within the system, which can allow for easier management and configuration and improved performance and data availability.

IBM Corp.