IBM Completes Acquisition of Texas Memory Systems
ARMONK, N.Y., Oct. 1, 2012 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has completed its acquisition of Texas Memory Systems (TMS), a privately held company based in Houston, Texas. Financial terms of the deal were not disclosed.
IBM announced on August 16, 2012, that it had signed a definitive agreement to acquire TMS, a leading developer of high-performance flash memory solutions.
Founded in 1978, TMS designs and sells solid state memory solutions as the RamSan family of shared rackmount systems and Peripheral Component Interconnect Express (PCIe) cards. The products are designed to help companies improve system performance and reduce such critical issues in the data center as server sprawl, power consumption, cooling, and floor space requirements. Leveraging such solutions can help organizations save money, improve performance and invest more in innovation.
"Flash technology is a game changer for our clients and IBM is committed to delivering industry-leading Flash-optimized capabilities as a cornerstone of our Smarter Storage strategy," said Brian Truskowski, General Manager, IBM System Storage and Networking. "The TMS solutions extend our broad portfolio of Flash-optimized storage arrays and flash optimization software, providing our clients unmatched value."
IDC estimates the amount of solid state storage solutions being shipped into the enterprise will grow significantly, reaching nearly 3 exabytes by 2016. (1)
TMS will be integrated into IBM Systems and Technology Group.
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Except for the historical information and discussions contained herein, statements contained in this release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission (SEC).
1. According to IDC, Taking Enterprise Storage to Another Level: A Look at Flash Adoption in the Enterprise, Aug. 2012
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SOURCE IBM Corporation