IBM is to buy data management companyPrinceton Softech.
The move forms part of IBM's
Information on
Demand initiative and gives IBM access to a range of
data archiving, test data management, data privacy and data
classification and discovery software. IBM said corporations face
escalating information management challenges which can be met by
improved database performance. Princeton Softech will enable IBM to
conduct this strategy because it can segregate historical data from
current data and store it securely and cheaply.
The cost of
data management is mushrooming, and something drastic needs to
be done to rationalise it, argued Ambuj Goyal, general manager, IBM
Information Management. "All organisations face the challenge of
effectively managing their surging data volumes," said Goyal, "It
is even worse now that there is a growing list of governance and
compliance requirements."
The combination of IBM and Princeton Softech should help IBM
customers to jump through the regulatory hoops more efficiently, he
implied. "The combination of IBM and Princeton Softech will help
customers reduce operational costs while avoiding performance
degradation and effectively managing their compliance
requirements," he said.
Princeton Softech has approximately 240 employees and a customer
base of over 2,200 companies who use its database software.
The acquisition is subject to regulatory approvals and is
anticipated to close later in 2007.