IBM Completes Aspera Acquisition

(RTTNews) - International Business Machines Corp. (IBM) said Friday that it has completed the acquisition of Aspera, Inc., a privately held company that securely speeds the movement of massive data files around the world.

Financial terms of the deal, which was origianlly anoounced last month, were not disclosed.

Aspera's patented technology accelerates the secure transfer of large files or data sets by up to 99.9 percent - potentially reducing a 26 hour transmission of a 24 gigabyte file, sent halfway around the world, down to just 30 seconds. The speed is achieved by Aspera's patented fasp protocol, which breaks the bottlenecks inherent in broadband networks to deliver high performance, efficiency and security in the most difficult WAN environments. This also gives customers a more efficient way to transport data to and from cloud networks.