September 25, 2012
Butterfly Software Acquisition Complements IBM Storage Systems
John Neumann for redOrbit.com - Your Universe Online
Butterfly Software, a privately held data analysis and migration software company headquartered in England, has been acquired by IBM, writes Alex Williams for TechCrunch. The deal was announced on Monday, but without financial terms being disclosed.Butterfly is to be folded into IBM´s software group and will help Big Blue get more value out of its storage hardware and software products, IBM said. According to the company website, Butterfly Software focuses on lowering the cost and risk of maintaining legacy storage and backup & recovery environments allowing companies to consolidate enterprise data and analyze it for strategic purposes.
Last month, IBM purchased Kenexa, which helps companies cull vast amounts of data to make decisions and study trends, in a $1.3 billion deal. IBM plans to continue its acquisition strategy for analytics companies. Its goal is to generate $16 billion from business analytics by 2015.
Such deals allow IBM to provide deeper capabilities than it currently offers in the storage market. Enterprise-level backup is a large burden for companies and analysis will be increasingly important