IBM Confirms XIV Acquisition

Financial terms
of the acquisition are not being disclosed.

"The acquisition of XIV will further strengthen
the IBM infrastructure portfolio long term and put IBM in the best
position to address emerging storage opportunities like Web 2.0
applications, digital archives and digital media," said Andy Monshaw,
general manager, IBM System Storage. "The ability for almost anyone to
create digital content at any time has accelerated the need for a whole
new way of applying infrastructure solutions to the new world of
digital information. IBM’s goal is to provide the leading technologies
and solutions at every layer of the data center — storage, servers,
software and services — to address these new realities IT customers
face."

To address the new requirements associated with next generation
digital content, IBM chose XIV and its NEXTRA architecture for its
ability to scale dynamically, heal itself in the event of failure, and
self-tune for optimum performance, all while eliminating the
significant management burden typically associated with rapid growth
environments. The architecture also is designed to automatically
optimize resource utilization of all the components within the system,
which can allow for easier management and configuration and improved
performance and data availability.

"We are pleased to become a significant part of the IBM family,
allowing for our unique storage architecture, our engineers and our
storage industry experience to be part of IBM’s overall storage
business," said Moshe Yanai, chairman, XIV. "We believe the level of
technological innovation achieved by our development team is
unparalleled in the storage industry. Combining our storage
architectural advancements with IBM’s world-wide research, sales,
service, manufacturing, and distribution capabilities will provide us
with the ability to have these technologies tackle the emerging Web 2.0
technology needs and reach every corner of the world."

The NEXTRA architecture has been in production for more than two
years, with more than four petabytes of capacity being used by
customers today.

XIV 

IBM