[Techtaffy Newsdesk]

IBM has entered into a definitive agreement to acquire StoredIQ, a privately held company based in Austin, Texas. Financial terms of the deal were not disclosed.

Deidre Paknad (Vice president, Information Lifecycle Governance, IBM):  CIOs and general counsels are overwhelmed by volumes of information that exceed their budgets and their capacity to meet legal requirements.

StoredIQ software provides scalable analysis and governance of disparate and distributed email as well as file shares and collaboration sites.

[Image courtesy: StoredIQ]