IBM buys data storage company Butterfly Software

IBM says it bought Butterfly Software, a UK-based data analysis software company

Associated Press

ARMONK, N.Y. (AP) -- IBM Corp. said Monday it acquired Butterfly Software, a data analysis and migration software company based in England.

IBM said Butterfly makes storage planning software and migration tools, which can help companies save time, storage space, IT funds, and power consumption.

The companies did not disclose terms of the purchase.

Shares of IBM lost 69 cents to close at $205.29 Monday.

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