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You can check another company off your companies to watch list, because Cleversafe just fulfilled its potential to make a splash on the front page.
The Chicago-based developer of object storage technology was just named as part of an acquisition deal by IBM. Terms of the deal were not disclosed, but the deal is on schedule to close later this year.
"IBM is an innovator and leader in cloud and storage and we're excited about the opportunities that lay ahead once this transaction closes," said John Morris, President and CEO of Cleversafe in a statement. "Together with IBM we can extend our object storage leadership position to address the broadest set of workloads for clients with the most expansive set of object-based solutions."
Launched in 2004, Cleversafe has grown into a standard player in the Chicago tech-scene. IBM will integrate Cleversafe’s storage software into the company’s cloud storage software into IBM’s cloud business — a move to augment IBM clients’ grips on cloud storage capabilities.
"Today a massive digital transformation is underway as organizations increasingly turn to cloud computing for innovative ways to manage more complex business operations and increasing volumes of data in a secure and effective way," said Robert LeBlanc, Senior Vice President, IBM Cloud, in the statement. "Cleversafe, a pioneer in object storage, will add to our efforts to help clients overcome these challenges by extending and strengthening our cloud storage strategy, as well as our portfolio."
Cleversafe’s 210 employees will also be brought on board, according to Forbes.
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