IBM Plans to Acquire Texas Memory Systems
Company’s high-speed memory solutions to boost IBM’s Smarter Computing proceed to IT
Armonk, N.Y. – 16 Aug 2012: IBM (NYSE: IBM) currently announced it has entered into a decisive agreement to acquire Texas Memory Systems (TMS), a heading developer of high-performance peep memory solutions. TMS is a secretly hold association formed in Houston, Texas. Financial terms of a understanding were not disclosed.
Founded in 1978, TMS designs and sells high-performance plain state storage solutions. Unlike tough hoop drives that rest on spinning disks and robotic arms, plain state systems are high-speed information storage solutions formed on Flash or RAM memory that can yield significantly faster throughput and information entrance while immoderate reduction power.
TMS offers a plain state solutions as a RamSan family of common rackmount systems and Peripheral Component Interconnect Express (PCIe) cards. The products are designed to assistance companies urge opening and revoke server sprawl, energy consumption, cooling, and building space requirements, all of that in spin can assistance clients save money, urge opening and deposit some-more in innovation.
“The TMS plan and resolution set align good with a Smarter Computing proceed to information record by assisting clients comprehend increasing opening and efficiencies during reduce costs,” pronounced Brian Truskowski, ubiquitous manager, Systems Storage and Networking, IBM. “Solid state technology, in particular, is a vicious member of a new Smarter Storage proceed to a pattern and deployment of storage infrastructures, and partial of a holistic proceed that exploits peep in and with hoop and fasten technologies to solve formidable problems.”
IDC estimates a volume of plain state storage solutions being shipped into a craving will grow significantly, reaching scarcely 3 exabytes by 2016.
Following merger close, IBM skeleton to deposit in and support a TMS product portfolio, and will demeanour to confederate over time TMS technologies into a accumulation of solutions including storage, servers, software, and PureSystems offerings.
“IBM understands a certain and thespian impact that plain state record can have on storage and server infrastructures, and once a merger is finish we demeanour brazen to advancing a record even further. With a tellurian strech of IBM, we design to grow a engineering staff and product lines most faster than we could before,” pronounced Holly Frost, owner and CEO of TMS.
TMS employs approximately 100 people. The understanding is approaching to tighten after in 2012.
Article source: http://www.engadget.com/2012/08/16/ibm-buys-texas-memory-systems-to-bring-on-speedy-storage/
