IBM Corp.has entered into a definitive agreement to acquire Texas Memory Systems of Houston. Texas Memory Systems is a developer of flash memory solutions and is a privately held company.
Financial terms of the deal were not disclosed, by IBM.
Texas Memory Systems offers its solid state solutions as the RamSan line of shared rackmount systems and Peripheral Component Interconnect Express (PCIe) cards. The products are designed to help companies improve performance and reduce server sprawl, power consumption, cooling, and floor space requirements.
Brian Truskowski, general manager, Systems Storage and Networking, IBM said the strategy and solution set align well with our Smarter Computing approach to information technology by helping clients realize increased performance and efficiencies at lower costs.
IDC estimates the amount of solid state storage solutions being shipped into the enterprise will grow significantly, reaching nearly 3 exabytes by 2016.Following acquisition close, IBM plans to invest in and support the product portfolio, and will look to integrate over time Texas Memory technologies into a variety of solutions including storage, servers, software, and PureSystems offerings.