Texas Memory Systems to boost IBM's portfolio
IBM has entered into a definitive agreement to acquire Texas Memory Systems (TMS), a privately-held developer of high-performance flash memory solutions. Founded in 1978, TMS designs and sells high-performance solid state storage solutions, such as the RamSan family of shared rackmount systems and Peripheral Component Interconnect Express (PCIe) cards. The products are designed to help improve performance and reduce server sprawl, power consumption, cooling and floor space requirements.
‘IBM understands the positive and dramatic impact that solid state technology can have on storage and server infrastructures, and once the acquisition is complete we look forward to advancing the technology even further. With the global reach of IBM, we expect to grow the engineering staff and product lines much faster than we could before,’ said Holly Frost, founder and CEO of TMS.
Following acquisition close, IBM plans to invest in and support the TMS product portfolio, and will look to integrate TMS technologies into a variety of solutions including storage, servers, software and PureSystems offerings.
Financial terms of the deal, which is expected to close later in 2012, were not disclosed.