History 2000: For $23.5 Million, IBM Picks Up Mercury Storage Business

Mercury Computer Systems has been looking to sell off its shared storage business unit.

It turns out IBM was looking to buy just such a company, one that has developed file sharing capabilities across a SAN, enough to hand over $23.5 million in cash for the privilege.

According to the January 2000 issue of Evaluator Group Newsletter, DataCore was also a possibility, but Big Blue preferred Mercury’s division, created in 1996, which has 22 employees and had revenues of $2.2 million for the fiscal year ended last June.

IBM subsidiary Tivoli Systems, in charge of storage software, will in fact manage the new acquisition, located in the Westford-Lowell area of Massachusetts.

This article is an abstract of news published on issue 144 on January 2000 from the former paper version of Computer Data Storage Newsletter.