IBM Acquires Israeli Data Startup

The term 'cloud computing' uses remote servers connected by the Internet to store information, rather than a local server

The Jerusalem Post reports: American computer hardware behemoth IBM Watson is buying Israeli start-up Cloudigo, its founder said on LinkedIn over Rosh Hashana weekend.

It remains undisclosed how much IBM paid for the Israeli data center company, but it is likely to be a multimillion- dollar transaction given the hubbub around the announcement. Neither Cloudigo founder Eran Gampel nor an IBM spokesman would comment on when the deal will be finalized. Cloudigo offers network infrastructure support for handling user traffic online.

The company’s team of Israeli experts will now become part of IBM’s cloud innovation lab and cloud infrastructure group, and its employees are set to be at the cutting edge of how data is communicated efficiently and quickly. Cloud computing is the practice of using remote Internet servers in a network – rather than relying on centralized physical infrastructure – to store and process data.

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