IBM Acquires Storage Startup Filesx

IBM is on a rampage.  After scooping up XIV, partnering with Siverge and now talking with Ctrue and Diligent Technologies, it has now signed an agreement to buy FilesX, an Israeli data-recovery startup founded in 2000.  The startup’s flagship technology, Xpress Restore, allows instant recovery of critical systems, servers and applications to any point-in-time.

According to Globes, IBM is paying $70-90 million for FilesX whose technology it will incorporate into its Tivoli Storage Manager family of products, IBM’s flagship suite of data protection and information infrastructure offerings.  “With its patented technology, FilesX helps IT staff restore data from virtually any type of failure and from nearly any point in time. FilesX offerings may be particularly attractive in environments where IT skills and budgets are limited, as it is considered easy to use and offers self-managing features.”

Al Zollar, general manager of Tivoli software, IBM, said the acquisition would “complement IBM’s vision of enterprise data protection by adding critical capabilities for remote offices, delivering continuous data protection for applications and servers, and supporting business user needs with nearly instantaneous recovery of data,” . 

FilesX, which is now headquartered in Newton, Massachusetts, initially raised $20 million from Benchmark Capital, Genesis Partners, and Index Ventures. 

Check out the press release for more details.

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One Response

  1. […] IBM Buys Diligent for $200M Posted on April 17, 2008 by Dani Dechter A Globes article published today reported that IBM has bought Israeli storage solutions developer Diligent Technologies Corporation for $200 million.  The acquisition comes just one week after the computing giant bought FilesX for $70-90 million (see post).  […]

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