IBM today announced it has entered into an agreement for IBM to acquire Princeton Softech Inc., a privately-held company based in Princeton, New Jersey, that provides data archiving, test data management, data privacy and data classification and discovery software.
IBM plans to integrate Princeton Softech’s product offerings into IBM’s Software Group as part of its Information Management Software division.
“The combination of IBM and Princeton Softech will provide our customers and partners with a single solution to more effectively manage risk and keep up with the variety of regulatory and enterprise data governance requirements,” says Ambuj Goyal, general manager, IBM Information Management.
Paul Winn, Princeton Softech Chairman and CEO adds: “We are pleased to have the opportunity to combine our Optim Solutions with IBM’s Information Management software offerings. Together, we can provide customers with a common platform that spans their heterogeneous environments.”