|By Elizabeth White||
|December 20, 2013 07:45 AM EST||
IBM on Thursday announced a definitive agreement to acquire Aspera, Inc. Aspera's technology helps companies securely speed the movement of massive data files around the world. Financial terms of the deal were not disclosed.
Licensed to clients and partners either in the cloud or on premise, Aspera's high-speed transfer technology reduces transmission times for large files or data sets by up to 99.9 percent - potentially cutting a 26 hour transfer of a 24 gigabyte file, sent halfway around the world, down to just 30 seconds. Aspera's patented fasp™ technology overcomes inherent bottlenecks in broadband wide area networks that slow the transfer of extremely large files, such as high-definition video or scientific research files, over distance.
By combining Aspera with the power of cloud computing, customers have a practical way to transport big data files to and from the cloud. Aspera makes cloud computing even faster, more predictable and more cost effective for big data transfers such as enterprise storage backup, sharing virtual images or bursting to the cloud for increased computing capacity. Its fasp technology is licensed to many leading cloud computing services and will be integrated with IBM's recently acquired SoftLayer cloud infrastructure later next year.
This acquisition builds on IBM's Smarter Commerce initiative by allowing businesses to accelerate their digital supply chains between partners and suppliers. This also extends IBM's capabilities in Managed File Transfer with a complementary set of capabilities to help enterprises further gain control and oversight of their data transfers.
The acquisition is expected to close in the first quarter 2014.