IBM buys data storage company Butterfly Software
IBM Corp. said Monday it acquired Butterfly Software, a privately held data analysis and migration software company headquartered in Maidenhead, England.
Butterfly’s main feature is its ability to migrate data center infrastructures. According to the company website, it focuses on lowering the cost and risk of maintaining legacy storage and backup & recovery environments. This allows companies to consolidate enterprise data and analyze it for strategic purposes.
IBM has staked its claim in the analytics market. This acquisition plays to that strategy.
IBM said Butterfly makes storage planning software and migration tools, which can help companies save time, storage space, IT funds, and power consumption.
The companies did not disclose terms of the purchase.
Shares of IBM lost 69 cents to close at $205.29 Monday.