Posts Tagged Storwize
Can you squeeze 20 lbs of flour into a 10 lb bag? That’s what Storwize does and its does so without impacting performance. In fact Wikibon members have indicated that Storwize compression technology actually increases the performance of file-based storage. In one of the industry’s worst kept secrets, as reported by SiliconAngle and Reuters in mid June, IBM has announced a definitive agreement to acquire Israeli startup Storwize. IBM is not disclosing terms but sources indicate Big Blue paid perhaps as much as $140M for Storwize, an Isreali-based startup that has raised about $40M in venture capital from Sequoia Capital, Bessemer Venture Partners and other VCs. The deal will take about 30 days to close so Storwize should officially become part of IBM by the end of August.
It was another successful and busy week at Storage Networking World (SNW) Spring 2009 in Orlando. Although the number of vendors, by my count, was 48% of what it was in Spring 2008, it was apparent that the vendors who did participate sent fewer people. However, the SNW officials said that the end-user attendance was 92% of what it was in Spring 2008. Obviously travel budgets have been cut, and this was reflected in the end-user attendance, which had shifted to many local IT professionals from the central Florida region.