Equity firm invests $100 million firms backing IBM's System i
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(InfoWorld) - A San Francisco equity investment firm has put US$100 million into three companies whose business models support IBM's System i server platform. IBM and Thoma Cressey Equity PartnersÂ  jointly announced on Tieaday the investment deals, all completed recently, which they say strengthen the community of software offerings that run on System i. Thoma Cressey in September acquired Vision Solutions International Inc., whose software helps System i servers maintain a high level of availability. In November, Thoma Cressey acquired another high-availability software provider, iTera Inc., and merged the two, maintaining the Vision Solutions name. Also in November, Thoma Cressey made an equity investment in Sirius Computer Solutions Inc. as part of a recapitalization of Sirius, which is an IBM server reseller. In the last five years, Thoma Cressey has focused more on mission-critical software for small and midsized businesses, so the investments around System i are "a natural," said Orlando Bravo, a managing partner at Thoma Cressey, in a prepared statement. System i is a workhorse of a server for IBM based on its Power microprocessor architecture and whose lineage traces back to the AS 400 server introduced in 1988. Like other server vendors, IBM's strategy is to build a strong independent software vendor community, said Charles King, an analyst with Pund-IT Inc., a technology research firm. IBM exited the applications software development market about five years ago because it considered it too fragmented for such a big company to try to serve, King said. Instead, it established partnerships with various software vendors. IBM markets System i to the small to medium-sized business (SMB) segment, which presents a new sales opportunity to technology vendors, King said. "SMB is the next big growth market. They still use very old technology and are not getting the leverage they need out of their IT," he said.
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IBM and Honeywell International are teaming up in a 10-year engineering and technology services deal that covers the design and development of electronics for aircraft, munitions and vehicles.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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IBM (NYSE: IBM) today announced a new initiative to help spur innovation in the marketplace with the venture capital (VC) community.
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InfoWorld - IBM shored up commitment to its mainframe computing platform Thursday with a series of new technologies, investments in emerging markets, new industry-focused solutions, and new partnerships.
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The Town of Marana has selected IBM (NYSE: IBM) services, servers, storage and software to improve speed and performance for all town departments and support the town's rapid growth.
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The $100 millionÂ datacenter consolidation projectÂ being undertaken by Hewlett-Packard will help it be more efficient but also informs the consulting advice it gives to client companies.
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TechWeb - IBM works with Microsoft and other application vendors to expand the use of its hardware in computer clusters and mainframes.
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Intel Capital has invested in a startup that offers a scalable storage service.
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BEIJING -- China&#39;s biggest computer maker said it has acquired a majority stake in IBM&#39;s personal computer business for $1.75 billion dollars in one of the biggest Chinese overseas acquisitions ever.
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The board of IBM Corp. has authorized up to $4 billion in additional funding for its stock buyback program. Armonk, NY-based IBM (NYSE: IBM) says it will repurchase shares on the open market or in private
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IBM on Friday announced it has signed up 115 companies since early September to develop for its eServer BladeCenter open specification it co-authored with Intel.
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Fresh after taking the performance crown and capping a five-year, $100 million R&amp;D effort, IBM today announced that Blue Gene is officially going on sale with a starting price of $1.
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IBM (NYSE: IBM) is the first personal computer maker to install National Semiconductor's (NYSE: NSM) SafeKeeper Trusted technology, which protects security data using specially designed chips, on selected models of its PCs.
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IBM announced Monday a $250 million investment in RFID (radio frequency identification), an emerging technology that is being mandated by the likes of Wal-Mart Stores Inc.
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IBM (NYSE: IBM) and Dagrofa, one of Denmark's largest providers of goods for the retail sector, today announced a 50 million Euro, 10-year strategic agreement for IBM to manage Nord Data's IT infrastructure and applications.
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IBM was to announce on Monday that it would invest $250 million over the next five years and employ a thousand people in a new business unit to support products and services related to sensor networks.