HP Invests In ILM
HP Invests In ILM
February 13, 2006: For the third time in almost as many months, HP has whipped out the chequebook, announcing that it has signed an agreement to acquire archiving software maker OuterBay.
OuterBay develops Information Lifecycle Management (ILM) software. Its Application Data Manager suite integrates technologies critical to managing application data lifecycle based on data’s value to the business over time.
HP claim that with OuterBay’s technology it will be able to boost database performance by up to 80 percent and expand its database offerings such as Oracle, SQLServer, and Sybase databases.
The purchase is the third by HP since it acquired AppIQ and Peregrine Systems in October and December 2005 respectively. The company says the new buys are aimed at bolstering its server, storage and software offerings in a market that is growing at 50 percent annually.
“Sixty percent of our HP Integrity server customers are running Oracle applications and databases today, making this a key capability for our existing customers.” says Bob Schultz, senior vice president and general manager of HP’s StorageWorks division.
“HP and OuterBay share a common vision for delivering comprehensive database and ILM solutions,” says Michael Howard, chairman and chief executive officer, OuterBay. “As part of HP's family of solutions, OuterBay will help customers address the dual challenge of data retention and growth with a complete systems approach.”
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