IBM Advances Storage Capabilities with Acquisition of Butterfly Software
(PresseBox) (Armonk, N.Y., )IBM (NYSE: IBM) today announced that it has acquired Butterfly Software Ltd., a privately held data analysis and migration software company headquartered in Maidenhead, England. Financial terms were not disclosed. Butterfly will become part of IBM's Software Group.
Butterfly offers storage planning software and storage migration tools, helping companies save storage space, operational time, IT budget and power consumption. IBM will use Butterfly to help clients find new ways to drive greater value from its storage software and hardware solutions.