IBM Continues 2008 Buying Streak of Israeli Startups
FilesX and Diligent Technologies are 2nd and 3rd purchases of the year
In an effort to shore up its data storage capabilities, and improve IT efficiency, IBM has added Israeli start-ups, FilesX ($70 million) and Diligent Technologies ($200 million) to its list of purchases since the start of 2008. These acquisitions follow IBM’s largest purchase in Israel to date-XIV, a Tel Aviv based storage technology company, - at $300 million, in January.
FilesX, founded in 2000, is a data protection and recovery software company, whose patented technology helps IT staff restore data from virtually any type of failure and from nearly any point in time. FilesX will become part of the Tivoli Storage Manager (TSM) family of products, IBM’s suite of data protection and information infrastructure offerings.
Diligent was established in 2002 and its innovative technology in data de-duplication provides a single solution to support data protection, archive and data-retention applications while maintaining the integrity of the data. IBM established its presence in Israel in 1949 and has over 2000 employees in various facilities throughout the country.
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