IBM to Acquire Solid Information Technology

IBM has entered into an agreement to acquire Solid Information Technology, a privately held company based in Cupertino, California, and Helsinki, Finland, that provides in-memory database software. Financial details were not disclosed but the acquisition is subject to customary closing conditions and is anticipated to close in the first quarter of 2008. Solid Information Technology’s software uses in-memory database technology to quickly retrieve data from RAM. Using this technology, businesses can access and store data at speeds up to ten times faster than using traditional disk-based database systems. Additionally, Solid Information Technology’s database server can recover from system failure within milliseconds, providing nearly uninterrupted (99.999%) data availability.