HP announced a software and hardware storage virtualization solution that enables enterprises to improve productivity, simplify operations and achieve lower total cost of ownership for their storage-area network (SAN) environments.

As part of IBM's "Project Big Green" offerings, IBM (NYSE: IBM) announced new storage virtualization software that helps clients more efficiently manage and consolidate volumes of business data, providing clients with a storage solution designed to help improve utilization rates, energy efficiency, availability, and scalability of critical applications.

IBM (NYSE: IBM) today announced new and enhanced storage virtualization products for disk and tape storage, increasing IBM's lead in storage virtualization innovations. Today's announcement includes the addition of the new IBM System Storage N series Virtual File Manager™ and enhancements to the IBM Virtualization Engine TS7520 tape solution.