IBM has entered into a definitive agreement to acquire Texas Memory Systems (TMS), a developer of flash memory solutions. TMS is a privately held company based in Houston, Texas. Financial terms of the deal were not disclosed.
Founded in 1978, TMS designs and sells solid state storage solutions. TMS offers its solid state solutions as the RamSan family of shared rackmount systems and Peripheral Component Interconnect Express (PCIe) cards.
Brian Truskowski (General manager, Systems Storage and Networking, IBM): Solid state technology, in particular, is a critical component of our new Smarter Storage approach to the design and deployment of storage infrastructures.
Following the close of the acquisition, IBM plans to invest in and support the TMS product portfolio, says the company.
TMS employs approximately 100 people. The deal is expected to close later in 2012.