IBM Buys Two Danish Services Firms
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IBM said Tuesday it has acquired a pair of Danish IT services firms as part of its effort to broaden its presence in Scandinavia. As a result of the moves, IBM will add about 3,700 IT staffers to its global head count. Financial terms of ...
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Denmark&#39;s biggest financial group, Danske Bank, has agreed to purchase Northern Bank in Northern Ireland and National Irish Bank in the Republic of Ireland from National Australia Bank for Â£967 million.
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(InfoWorld) - IBMÂ is looking to add real-time capabilities to its data integration software by buying Canadian firm DataMirrorÂ for about C$170 million (US$162.3 million). The two companies have entered into a definitive agreement for IBM to acquire all outstanding DataMirror common shares for C$27 per share, they announced Monday. IBM's offer represents a premium of 19.4 percent compared with the average trading price of DataMirror's common shares on the Toronto Stock Exchange over the last 20 days. In Monday midmorning trading, DataMirror's shares rose 4.2 percent on the news, up from Friday's close of C$22.50. Subject to shareholder and regulatory approval, the deal is set to close in the third quarter of this year. DataMirror's Transformation Server software identifies and captures data that has been added, updated, or deleted, and it enables the changed information to be delivered in real time to processes, applications, and databases. IBM previously partnered with DataMirror, pointing customers to the vendor whenever they needed heterogenous real-time change data-capture software. However, recently, it became clear that IBM needed to own the technology since more and more of its users required it. "DataMirror's capabilities are very important for our Information on Demand strategy," said Michael Curry, director, product strategy and management, information platform and solutions at IBM. Having the ability to note data changes as they occur and react accordingly is vital for users of dynamic warehouses, master data management, and service-oriented architecture, he added. Information on Demand is designed to give users access to all kinds of data regardless of where it's stored in their enterprises. A key piece of that strategy isÂ Information Server, data integration software IBM released last year, based on technology it acquired through the 2005 $1.1 billion purchase of Ascential. IBM plans to continue offering DataMirror's data integration, auditing, high availability, and data replication software as stand-alone products as well as incorporating them into Information Server, Curry said. "We've already seen very strong traction for Information Server," he added. Acquiring DataMirror is testimony to the fact that the Information Server business is growing so well that IBM continues to invest in the product, Curry said. IBM expects to release a more detailed road map for DataMirror once the acquisition has closed. DataMirror will become part of IBM's Information Management Software unit, which is headed up by Ambuj Goyal. IBM was particularly attracted to DataMirror by its very broad support of different types of data, Curry said. The Canadian vendor provides data integration on Windows, Unix, IBM's System i servers and mainframes and supports databases from IBM, Microsoft, Oracle, and Sybase. DataMirror also has its own Java database called PointBase. There's no real overlap between DataMirror's technologies and what IBM already has, Curry said. IBM already provides some data capture capabilities but they're limited to its DB2 database. IBM intends to continue DataMirror's partnerships with other vendors, notably BEA Systems, Business Objects, Microsoft, and Oracle. Such relationships are vital to ensure that IBM can be effective in offering heterogenous data integration, Curry said. With its headquarters in Markham, Ontario, DataMirror has around 2,200 customers. IBM hopes to retain all of the firm's 220-plus staff, Curry said.
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International Business Machines Corp.  said on Tuesday that it agreed to buy privately held software maker Vallent Corp. to boost its line of software offerings.
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The Danske Bank Group has signed an agreement with National Australia Bank to purchase Northern Bank (www.nbonline.co.uk) in Northern Ireland and National Irish Bank (www.
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IBM Corp. has offered to buy Telelogic AB, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about US$745 million, the companies announced Monday.
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IBM  and Lehman Brothers  have agreed to buy a small slice of software company Kingdee , kicking off an alliance intended to help the U.S. firm expand its footprint in a $10 billion domestic market and further the Chinese company's global ambitions.
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IBM, which revolutionised the global computer industry when it launched its first desktop in 1981, has sold its PC business to a Chinese group in a $1.75bn (Â£900m) deal, it was confirmed today.
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IBM yesterday announced plans to buy Consul Risk Management, a compliance and security software company with the bulk of its developers in Herndon -- the third local software firm bought in IBM's recent buying binge.
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International Business Machines Corp. said Wednesday it signed a pair of outsourcing contracts worth more than US$1 billion (euro752 million) with two Danish companies, continuing the computer giant&#39;s push into northern Europe.
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Microsoft offers to buy the Norwegian search software company Fast Search & Transfer for $1.2bn (Â£607m).
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International Business Machines Corp. said Wednesday it signed a pair of outsourcing contracts worth more than &#36;1 billion with two Danish companies, continuing the computer giant's push into northern Europe.
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IBM (NYSE: IBM) and Sparkassen Informatik (SI) GmbH, Germany's largest provider of information technology (IT) solutions to savings banks, today announced that they have agreed to a five-year extension of their existing IT partnership.
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IBM has bolstered its presence in Scandinavia and beyond with two major IT services contracts and acquisitions involving Danish companies.
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Danske Bank A/S, the Nordic region&#39;s second-largest lender, agreed to buy two Irish units from National Australia Bank Ltd. for 967 million pounds ($1.86 billion) to expand outside Scandinavia.
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Microsoft has offered to buy Norwegian Internet-search software firm Fast Search & Transfer for about $1.2 billion.
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InfoWorld - Microsoft has offered to buy enterprise search software company Fast Search And Transfer for 6.6 billion Norwegian kroner ($1.2 billion), it said Tuesday.