IBM has announced that it has entered into an agreement for IBM to acquire Princeton Softech Inc., a privately-held company based in Princeton, New Jersey, that provides leading data archiving, test data management, data privacy and data classification and discovery software. Financial details were not disclosed.
This acquisition is intended to further IBM's cross-company Information on Demand business initiative by enabling customers to address their escalating information management challenges and improve database performance by segregating historical data from current data and storing it securely and cost-effectively. Princeton Softech’s test data management solutions is also designed to protect data privacy and contain costs by creating realistic, right-sized test databases where sensitive data can be masked and protected.
IBM plans to integrate Princeton Softech’s product offerings into IBM’s Software Group as part of its Information Management Software division.
The addition of Princeton Softech’s technology will expand IBM’s capabilities in the area of Enterprise Data Governance. In particular, IBM believes that Princeton Softech will boost IBM’s ability to offer clients integrated data classification, archiving, and test data management and data privacy solutions across heterogeneous application and databaseenvironments.
Princeton Softech has approximately 240 employees and more than 2,200 companies rely on Princeton Softech’s solutions to maximize the business value of their enterprise applications and databases. The acquisition is subject to regulatory approvals and is anticipated to close later in 2007.