"Interesting stuff of the Technology, Products and Web 2.0..."

Friday, August 03, 2007

IBM to Acquire Princeton Softech

IBM announced yesterday that it has entered into an agreement for IBM to acquire Princeton Softech Inc., a privately held company based in Princeton, New Jersey, that provides leading data archiving, test data management, data privacy and data classification and discovery software. Financial details were not disclosed.

This acquisition furthers IBM's cross-company Information on Demand business initiative by enabling customers to address their escalating information management challenges and improve database performance by segregating historical data from current data and storing it securely and cost-effectively. Princeton Softech's test data management solutions also help customers protect data privacy and contain costs by creating realistic, right-sized test databases where sensitive data can be masked and protected. The combination of IBM and Princeton Softech will help customers reduce operational costs while avoiding performance degradation and effectively managing their compliance requirements.

IBM plans to integrate Princeton Softech's product offerings into IBM's Software Group as part of its Information Management Software division. The addition of Princeton Softech's technology will expand IBM's capabilities in the area of Enterprise Data Governance.

"Organizations of all sizes worldwide face the challenge of effectively managing their surging data volumes, particularly given growing governance and compliance requirements," said Ambuj Goyal, general manager, IBM Information Management. "The combination of IBM and Princeton Softech will provide our customers and partners with a single solution to more effectively manage risk and keep up with the variety of regulatory and enterprise data governance requirements."

"Data archiving, test data management and data privacy software product segments are rapidly evolving as customers demonstrate a preference for complete, integrated solutions," said Paul Winn, Princeton Softech Chairman and CEO. "We are pleased to have the opportunity to combine our Optim Solutions with IBM's Information Management software offerings. Together, we can provide customers with a common platform that spans their heterogeneous environments."

Princeton Softech has approximately 240 employees and more than 2,200 companies rely on Princeton Softech's solutions to maximize the business value of their enterprise applications and databases.

No comments: