IBM announced its acquisition of startup company Cleversafe. (Photo : Reuters)
Tech giant IBM announced that it is acquiring object-based vendor Cleversafe. The acquisition is part of IBM's plan to upgrade its cloud business arm and add it with simplified management options and more flexibility in the hybrid cloud market.
Financial details as well as amount of shares acquired were not disclosed, according to The Register.
Regarding the Cleversafe acquisition, IBM released a statement saying, "The company uses unique algorithms to slice data into pieces and reassemble the information from a single copy, rather than simply making multiple copies of the data, which is how storage traditionally has been done. As a result, Cleversafe can store data significantly cheaper and with greater security."
Cleversafe was founded in 2004 and since then the company as built a considerable reputation in handling massive amounts of data. In fact, since its founding years, the company received backing from large companies like HP and Lockheed Martin.
In the data storage and data management market, Cleversafe claims that it owns more than 350 patents related to this breakthrough technology.
Tech analysts claim that the acquisition will help IBM in management the growing amounts of data within its data centers. These are unstructured multimedia data comprised of audio, photo and video files, according to Tech Crunch.
On top of helping in the management of these massive amounts of data, the Cleversafe acquisition also fits with IBM's drive towards creating a bridge that will connect its customers into the hybrid cloud. IBM has been steadily working on its hybrid cloud project for several years already.
Currently, IBM's hybrid cloud portfolio includes previously acquired startups such as Bluemix and SoftLayer.
