International Business Machines Corp. (NYSE: IBM) is giving a boost to its information services business, announcing it has agreed to acquire privately held data management company Princeton Softech for an undisclosed amount.
The Princeton, New Jersey-based company makes software for data archiving, test data management and data privacy. IBM plans to use the firm to expand its push into the area of Enterprise Data Governance, in particular, environments that use many databases and applications.
Organizations of all sizes worldwide face the challenge of effectively managing their surging data volumes, particularly given growing governance and compliance requirements, said Ambuj Goyal, general manager, IBM Information Management.
The combination of IBM and Princeton Softech will provide our customers and partners with a single solution to more effectively manage risk and keep up with the variety of regulatory and enterprise data governance requirements.