IBM has signed an agreement to acquire privately held Israeli CDP specialist FilesX in a deal rumored to be worth up to $90 million.
Although IBM has not revealed the financial terms of the deal, Israeli news Website Globes puts its value at between $70 million and $90 million.
In a statement released this morning, Al Zollar, general manager of IBMs Tivoli software division, explained that the FilesX deal will beef up the Tivoli Storage Manager (TSM).
The FilesX acquisition would complement IBMs vision of enterprise data protection by adding critical capabilities for remote offices, delivering continuous data protection for applications and servers, and supporting business user needs with nearly instantaneous recovery of data, he said.
It would also reinforce IBMs mid-market strategy by adding a simple and easy-to-use full data protection solution -- one that also is attractive to enterprise remote offices and departmental situations.
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