Report: IBM In Talks To Buy Real-Time Data Compression Startup Storwize For $140M

Big Blue is close to buying real-time data compression startup Storwize for $140 million, according to Israeli newspaper The Marker.

Storwize offers a real-time data compression technology that aim to boost storage space on network storage environments. Storwize appliances are installed between the organization’s storage arrays and their network and promises two to five times the additional storage capacity. Founded in 2004, the startup has raised $40 million in funding from Sequoia Capital, Bessemer Venture Partners and others.

This year, IBM has bought up health care data management firm Initiate, Intelliden, Cast Iron Systems, and most recently Sterling Commerce.