IBM on Monday said it has entered into a definitive agreement to acquire Cleversafe Inc, a developer and manufacturer of object-based storage software and appliances.
IBM said the acquisition will strengthen its positions in storage and hybrid cloud and support clients’ drive to next generation mobile, social and analytics applications.
The company kept financial terms of the deal disclosed. However, once the deal closes, IBM will integrate the Cleversafe portfolio into its IBM Cloud business unit to give clients data flexibility, simplified management, and consistency with on-premise, cloud, and hybrid cloud deployment options.
The deal is expected to close later this year following customary closing conditions including regulatory clearances.
Founded in 2004, Cleversafe is a privately held company based in Chicago. It has more than 350 patents in object-based, on-premise storage solutions that enable clients to scale to exabytes of storage, or billions of gigabytes.
In September, IBM announced its AU$450 million IT deal with ANZ. IBM’s software, an Innovation Lab, cloud development capabilities and core systems infrastructure will be part of the IT deal.
The five-year deal aims to drive productivity and innovation at ANZ, improve capacity to deal with the growing number of customers and transactions across branch, digital and mobile channels and support ANZ’s regional expansion.
IBM continued to receive contract in October. The company bagged $1 billion cloud infrastructure services deal with Nordic IT services company EVRY. As per the deal EVRY’s customers, across a range of industries including banking and finance, government, energy, healthcare and retail, will use IT solutions running on IBM’s hybrid cloud infrastructure.
IBM said EVRY’s customers will benefit from a faster time-to-market through infrastructure solutions. EVRY will maintain responsibility for managing its relationships and delivering services to its customers.
In another deal, Charter Communications has tapped IBM to implement its rules-based construction workflow and tracking system in the cloud. The U.S.-based cable and broadband provider aims to deploy IBM Operational Decision Manager (ODM) on Cloud hosted on IBM SoftLayer into full production now.