FilesX to be Acquired by IBM - Newton, MA

FilesX, a privately held, Newton-based data storage software company, has agreed to be acquired by IBM for an undisclosed price. FilesX specializes in continuous data protection and nearly instant data and application recovery software for enterprises and remote/branch offices. The company was founded in 2000 and is backed by a group of venture capitalists, including Benchmark Capital, Index Ventures and Genesis Partners. IBM said that the acquisition will complement its existing file-based software called IBM Tivoli Continuous Data Protection for Files, which is targeted at small business customers and individual PC users.

http://www.filesx.com/news-events/press-release.asp?display=detail&id=56