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Industry: Email Alert RSS FeedIBM announces acquisition of Platform Solutions
Telecomworldwire, July 3, 2008
TELECOMWORLDWIRE-3 July 2008-IBM announces acquisition of Platform Solutions(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Information Technology company IBM (NYSE:IBM) announced on Wednesday (2 July) that the company has acquired Platform Solutions Inc (PSI), a technology company.
With the completion of this acquisition, PSI's technologies and employees will become part of the IBM System z business unit of the IBM Systems and Technology Group.
IBM said that PSI's technologies and skills, along with its intellectual capital, will become part of IBM's long-term mainframe product engineering cycles and part of IBM's future product plans.
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As part of this acquisition, both IBM and PSI reportedly dropped their respective claims against each other.
Financial details of the acquisition were not disclosed.
((Comments on this story may be sent to tww.feedback@m2.com))
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