Cleversafe

Cleversafe — the American developer of technologies of object data storage. In 2015 the company was purchased by IBM. As a result of Cleversafe became a part of cloud division of "the blue giant".

History

2015: The company is sold to IBM for $1.3 billion

In October, 2015 IBM announced Cleversafe purchase. Its participants preferred not to disclose the cost of the transaction at first. After all necessary formalities concerning Cleversafe sale were executed, the staff of the company in 210 people passed into IBM. At the same time Cleversafe became a part of cloud division of IBM.

The solutions proposed by Cleversafe allow to address documents, images, musical compositions, etc. as to a whole. The cover of an object is provided by metadata which maintenance depends on the specific solution. File (traditional) approach to storage assumes crushing of the file on several pieces, each of which in load time receives own address. Object data storage increases effective management of huge volumes of unstructured data by means of a cloud.

After February 24, 2016 the Bloomberg agency called the amount which IBM paid for Cleversafe purchase. It is more than about $1.3 billion that is the largest acquisition of the American IT giant in 2015.

IBM purchased Cleversafe more than for $1.3 billion

Financial information became known from the documents sent to IBM to the U.S. Securities and Exchange Commission. Follows from them that the difference between the amount which was paid for Cleversafe acquisition and a company book value made $1 billion. The technologies created by it are estimated at $364 million, current contracts with clients — in $23 million, physical assets — in $86 million.

Purchase of Cleversafe for IBM became the biggest in 2015. In total the corporation purchased 14 firms for the amount of $3.6 billion. The developer of radiological solutions for work with medical images Merge Healthcare ($1 billion) participated in the second in value acquisition of IBM in 2015.^[1]

See Also

• IBM (company takeovers and asset sale)

Notes