IBM Acquires Solid Information Technology

Dec 28, 2007

IBM announced it has entered into an agreement to acquire Solid Information Technology, a privately-held company based in Cupertino, California, and Helsinki, Finland that provides in-memory database software. Financial details were not disclosed. The acquisition of Solid Information Technology supports IBM's global Information on Demand strategy by adding real-time data access capabilities to the company's portfolio of database and information management offerings. Solid Information Technology's software uses in-memory database technology to quickly retrieve data from a computer's memory (or RAM). Using this technology, businesses can access and store data at speeds faster than using traditional disk-based database systems. The acquisition is subject to customary closing conditions and is anticipated to close in the first quarter of 2008.