IBM Closes Texas Memory Systems Acquisition
IBM announced that it has completed its acquisition of Texas Memory Systems.IBM announced that it has completed its acquisition of Texas Memory Systems, a privately held maker of high-performance flash memory solutions. Financial terms of the deal were not disclosed. IBM announced Aug. 16 that it had signed a definitive agreement to acquire Houston-based TMS, a leading developer of high-performance flash memory solutions. Founded in 1978, TMS designs and sells solid-state memory solutions as the RamSan family of shared rack mount systems and Peripheral Component Interconnect Express (PCIe) cards. The products are designed to help companies improve system performance and reduce such critical issues in the data center as server sprawl, power consumption, cooling and floor space requirements. Leveraging such solutions can help organizations save money, improve performance and invest more in innovation, IBM said “Flash technology is a game-changer for our clients and IBM is committed to delivering industry-leading flash-optimized capabilities as a cornerstone of our Smarter Storage strategy," said Brian Truskowski, general manager of IBM System Storage and Networking, in a statement. "The TMS solutions extend our broad portfolio of flash-optimized storage arrays and flash-optimization software, providing our clients unmatched value.”
IDC estimates the amount of solid-state storage solutions being shipped into the enterprise will grow significantly, reaching nearly 3 exabytes by 2016.