IBM is to buy data management company Princeton 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.
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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.