Butterfly Software: IBM takes over British big data specialist


The Armonk-based company in New York State announced on Monday the acquisition of Butterfly Software Ltd. known. The start-up is a specialist in data analysis and data migration. An IBM spokesman in Germany said that Butterfly has developed a novel software tool to move large volumes of data from one technical platform to another. With the acquisition IBM strengthens its offer in the range of storage systems.

Big data solutions are a well-publicated trend in the IT industry: from analyzing ever larger and more complex data assets, many companies hope to gain new insights for market observation, product development, and customer analysis. A purchase price was not mentioned. (Dpa / tc)