The bank turned to RainStor, which can compress data by up to 97 percent, providing big savings on storage.

FORBES: Managing Financial Data Growth with 30-40X Compression

Advised by Bank of American Merrill Lynch and Goldman Sachs, the combined company will result in the largest consumer based digital data storage companies.

FORBES: Consolidation In The Hard Drive Market As Western Digital Pays $4.3 Billion For Hitachi's GST Unit