StoredIQ Acquisition Completes

The acquisition of Austin-based StoredIQ has completed, according to IBM, and will go to help IBM's efforts in the big data initiative area. Financial terms of the acquisition, which was announced in December, have not been disclosed. StoredIQ was headed by Phil Myers, and was backed by backed by PerformanceEdge Partners, and S3 Ventures. According to IBM, the addition of StoredIQ will help customers respond more efficiently to litigation and regulations, and dispose of information in an automated way.