Websphere News Desk
IBM To Buy Storwize: Report
Haaretz Thinks the Deal Will Close by the End of July

By: Maureen O'Gara
Jun. 20, 2010 01:00 PM

IBM is supposed to be negotiating to buy Massachusetts-based online data compression ISV Storwize for $140 million according to the Israeli daily Haaretz. Sequoia Capital, Bessemer Venture Partners, Tenaya Capital, Tamares Group and Tokyo Electron have about $40 million in the six-year-old company. Its widgetry increases the storage space for networks. Haaretz thinks the deal will close by the end of July.

Published Jun. 20, 2010— Reads 2,874
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About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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