Announced
Financials
Sources
Tags
United States
copy data management
Software
software development
Acquisition
Majority
Domestic
Private
Pending
Friendly
Single Bidder
Synopsis
IBM, an American multinational technology company, agreed to acquire the copy data management business of Catalogic Software, a provider of smart data protection solutions. Financial terms were not disclosed. "IBM Storage has been an important business partner for Catalogic. We built a great team with a strong focus on supporting IBM Storage and we wish that team continued success. I am excited about the future of Catalogic with a stronger focus on building our SaaS platform for protecting hybrid and cloud native environments," Ken Barth, Catalogic Software CEO.
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