IBM announced it plans to acquire e-discovery and governance software vendor StoredIQ, another notch in a bustling year for Big Blue’s big data plans.
Privately held StoredIQ provides software for management, search and compliance with structured and unstructured enterprise data, particularly in the legal and insurance fields. IBM noted that the vendor is expected to carry through its strength in e-discovery as it pertains to big data sets, a segment StoredIQ has focused on of late with solutions and even an executive blog. The vendor will become part of IBM’s Information Lifecycle Governance suite. In a statement on the planned acquisition, Deidre Paknad, IBM VP of Information Lifecycle Governance, pointed to StoredIQ’s potential to “help CIOs and attorneys rapidly drive out excess information cost and mitigate legal risks while improving information utility for the business.”
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