IBM has agreed to acquire XIV, a privately-held developer of software to run large enterprise storage systems. XIV"s flagship Nextra platform allows multiple storage devices and applications to be managed under a single system.
The company estimates that Nextra systems are responsible for managing more than four petabytes of data worldwide. XIV will become part of IBM"s Storage Systems and Technology Group when the acquisition is complete. It is the first acquisition made by the group in almost 10 years.