IBM Completes Aspera AcquisitionBy: Chris Crum - January 17, 2014
IBM announced on Friday that it has completed its acquisition of Aspera, first announced in December.
Aspera makes a solution that helps companies more quickly move massive data files to the cloud. The company claims that its technology reduces transmission time for large files or data sets by up to 99.9%, and cuts up to as much as 26 hours from the transfer of a 24 gigabyte file, sent halfway around the world down to 30 seconds.
“Aspera solves critical challenges at the intersection of two of the most influential trends driving business today – Big Data and cloud computing,” said Craig Hayman, GM, Industry Cloud Solutions, IBM. “With this acquisition, IBM will help our customers more effectively and efficiently move large files to and from the cloud and within the enterprise to where individuals can extract real business insights from that data.”
IBM says the acquisition builds on its Smarter Commerce initiative aimed at letting businesses accelerate their digital supply chains between partners and suppliers.
Terms of the deal were not disclosed.