IBM to Acquire Data Management Specialist
IBM is buying Princeton Softech, a privately held company specializing in data archiving, test data management, data privacy, and data classification and discovery software.
The financial details of the deal, which was announced Aug. 3, were not disclosed. Officials at IBM said the acquisition of the Princeton, N.J. company is a key part of IBMs Information on Demand business initiative, meant to help customers by addressing the challenge of managing data and improving database performance.
With roughly 240 employees, Princeton Softech will be integrated into IBMs Software Group as part of its Information Management Software division. Princeton Softechs Optim software is used to manage application data throughout the information life cycle, as well as create test databases where sensitive data can be protected.
"Organizations of all sizes worldwide face the challenge of effectively managing their surging data volumes, particularly given growing governance and compliance requirements," Ambuj Goyal, general manager of IBM Information Management, said in a statement.
"The combination of IBM and Princeton Softech will provide our customers and partners with a single solution to more effectively manage risk and keep up with the variety of regulatory and enterprise data governance requirements."
The acquisition is expected to close later this year. The announcement marks the 22nd acquisition in support of IBMs Information on Demand strategy, said officials with the technology giant, based in Armonk, N.Y. They added that the Information Management segment is one of the driving forces behind the growth in IBMs software business. According to the company, the division grew 21 percent in the second quarter of 2007.
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