IBM seeks double deal agreements

Jun 16, 2010 • James Mawson

Computer maker IBM seeks strategic investor-backed Storwize deal while agreeing Coremetrics purchase following joint venture.

US-listed computer maker IBM Corporation plans to acquire data storage company Storwize for $140m, according to an Israeli press report. Storwize has raised about $28m from Japan-based strategic investor Tokyo Electron Device and venture capital firms Sequoia Capital, Bessemer Venture Partners, Tenaya Capital and Tamares Group.

IBM has already agreed to buy Coremetrics, a US-based provider of online analysis software in which it had a joint venture. IBM formed the venture after selling its own SurfAid Analytics business to Coremetrics…

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