August 16, 2012

Armonk, N.Y.-based IBM announced today it is acquiring enterprise storage technology provider Texas Memory Systems, based in Houston.

IBM said the acquisition is part of its plan to increase its own storage offerings. Texas Memory Systems products are designed to help companies improve performance and reduce server sprawl, power consumption, cooling, and floor space requirements, which can help clients save money, improve performance and invest more in innovation, according to IBM.

Following acquisition close, IBM plans to invest in and support the TMS product portfolio, and will look to integrate over time TMS technologies into a variety of solutions including storage, servers, software, and PureSystems offerings.

TMS employs approximately 100 people. The deal is expected to close later in 2012.

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...