IBM Acquires Texas Memory Systems
- Posted by Tech Insidr
- on August 16th, 2012
This morning, IBM Corporation announced that they will be acquiring the enterprise SSD startup Texas Memory Systems for an undisclosed amount.
Following the acquisition, IBM ($IBM) plans to support the company’s product portfolio and eventually integrate their technologies into storage, servers, and PureSystem offerings.
Founded in 1978, Texas Memory Systems designs and sells high-performance solid state storage solutions with a focus on the enterprise customers. Some of TMS’s competitors include other high-performance enterprise solid stage storage solution shops like Fusion-io ($FIO), XtremIO (acquired by $EMC in May 2012), and Violin Memory (privately held).
It’s not tough to understand IBM’s motivations behind this acquisition, as the company is a big proponent of solid state storage technology, especially in the enterprise environment.
Given IBM’s major presence in the data center sales channel, it makes sense that they would want to eventually push their own solid state storage solutions into the data center.
TMS provides the necessary high-end technology and intellectual property that IBM needs to make this push.
The deal is expected to close by the end of 2012.
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Rob a.k.a. Techinsidr has been trading stocks and following the stock market since 1997. He formerly worked at Intel Corporation in a Financial Analyst role, responsible for overseeing an annual budget of $160M... More »