IBM announced the acquisition of PSS Systems, a privately held company based in Mountain View, Calif. PSS Systems designs software that helps organizations analyze, automate, and implement information governance policies across large amounts of electronic business information and dispose of that information in an automated way. Financial terms of the deal were not disclosed.
According to the companies, PSS Systems' established base of clients includes seven of the top 10 Fortune 500 companies, as well as companies such as Abbott, BASF, BP, ConocoPhillips, Devon Energy, First Data, GE, and Pfizer.
IBM intends to integrate PSS Systems within the IBM 's Software Group.
In related news, IBM unveiled the latest version of its Informix database software. The new version of IBM Informix is designed to help companies power business analytics along with transactional applications. To handle the growing volume of data, the new software also includes time series data management and data compression.
IBM is also introducing the new IBM Informix Flexible Grid, which gives clients the ability to scale data management across regional or global clusters while mixing different hardware and operating systems. The Informix Flexible Grid keeps data available to applications at all times, even during planned maintenance and upgrades, without the need for temporary hardware.