IBM (NYSE: IBM) is buying Vivisimo, a privately held company that helps organizations find and analyze large amounts of data.
The company didn’t disclose the terms of the deal. But it said the acquisition will accelerate its “big data analytics initiatives.”
IBM estimates that 2.5 quintillion bytes of data are created every day. It said the research group IDC estimates the market for big data technology and services will grow 40 percent annually to reach $16.9 billion by 2015.
Vivisimo, based in Pittsburgh, has more than a decade of experience in the field and more than 140 customers including Airbus, the U.S. Air Force, Procter & Gamble and others.
After the acquisition, announced Wednesday, about 120 Vivisimo employees will join IBM’s software group and IBM will incorporate Vivisimo technology into its big data platform.
In other news:
On Wednesday, IBM announced two new server support systems – “PowerLinux” – for its Power7 chips and virtualization technology.
They are designed for Red Hat and SUSE Linux.
“The additions are designed to crunch big data and plug into IBM’s Pure Systems family. Specifically, IBM introduced two Linux specific servers—one system for the IBM PureFlex System and one stand-alone for the mid-market. Linux-based Power Systems use IBM’s PowerVM virtualization technology,” reports ZDNet.
Read details here.
IBM employs an estimated 10,000 people across North Carolina.
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