Storwize

Company Overview

Snapshot

Founded in January 2004 by Jonathan Amit and Gal Naor, Storwize is a Business Software company with 51–200 employees. The company raised $30M across 3 funding rounds from 4 investors. Storwize was acquired by IBM in June 2010, marking a significant exit for the company.

Business overview

Storwize specializes in real-time data compression solutions designed to optimize storage space within network storage environments. The company's core technology involves appliances that integrate between an organization's storage arrays and its network, aiming to boost capacity by 2-5 times. Storwize serves enterprises by providing solutions compatible with major storage vendors like EMC and NetApp, operating within the Business Software sector, specifically focusing on IT, R&D & Data Solutions and Data Architecture.

Strategic signal

The acquisition of Storwize by IBM in June 2010 highlights the strategic value of its real-time data compression technology. This event signaled a strong market demand for advanced storage optimization solutions and validated Storwize's approach to enhancing data capacity and efficiency for enterprises. For investors, this acquisition demonstrated the potential for significant exits in the data storage and business software sectors, particularly for companies addressing critical infrastructure challenges.

Company Intelligence Q&A

What is Storwize's primary business?

Storwize provides real-time data compression solutions that enhance storage space in network storage environments, offering significant capacity increases and associated savings for organizations.

When was Storwize founded and by whom?

Storwize was founded in January 2004 by Jonathan Amit and Gal Naor.

What was a significant corporate milestone for Storwize?

Storwize was acquired by IBM in June 2010, leading to its current status as Acquired (Inactive).

Which investors participated in Storwize's funding rounds?

Storwize received funding from investors including Bessemer Venture Partners and Lehman Brothers across its funding history.

What kind of products does Storwize offer?

Storwize offers appliances that are installed between storage arrays and networks to provide real-time data compression, designed to work with various storage arrays.