from the May 2008 issue

IBM Confirms Diligent Acquisition

IBM has purchased de-dupe specialist Diligent, which will become part of the System Storage business unit of the IBM Systems and Technology Group.

IBM did not disclose terms of the deal, but reports in the Israeli media, where acquisition rumors first emerged last month, claim IBM paid $200 million to acquire Diligent.

IBM spokesman Charles Zinkowski says IBM will retain Diligent employees in their present headquarters in Framingham, Mass., as well as in R&D facilities in Tel Aviv. Diligent CEO Doron Kempel will stay on board, reporting directly to Cindy Grossman, VP of tape and archive for System Storage.

Reprinted from the Israel High-Tech & Investment Report May 2008

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