IBM To Acquire Softek

IBM (NYSE: IBM) has agreed to acquire Softek Storage Solutions Corp., a Vienna, Va.-based provider of data migration, data replication and disaster recovery software. No financial terms were disclosed. Softek was acquired in a management-led buyout from Fujitsu in March 2004, with equity sponsors including Investcorp Technology Partners, Columbia Capital, Needham Capital Partners and Updata Partners. www.ibm.com www.softek.com