IBM completes its acquisition of grid and cloud software maker Platform Computing. Financial terms of the deal were not disclosed.
the completion of its acquisition of Platform Computing, a maker of technical
and distributed computing management software, to bolster its position in the
cloud computing space.
In a Jan. 9
press release, IBM said it closed the deal to acquire Toronto, Ontario-based
Platform Computing, but financial terms of the deal were not disclosed.
IBM initially announced in October
had entered into a definitive agreement to acquire Platform Computing, a global
leader in cluster, grid and cloud management software for distributed computing
environments. Platform Computing will be integrated into IBM's Systems and
acquisition of Platform Computing will help accelerate IBM's growth in smarter
computing, a key initiative in IBM's Smarter Planet strategy, by extending the
reach of our HPC offerings into the high growth segment of technical
computing," said Helene Armitage, general manager of IBM Systems Software, in a
statement. "Our intent is to enable clients to uncover insights from growing
volumes of data so they can take actions that optimize business results."
Computing's software helps users create, integrate and manage shared computing
environments that are used in compute- and data-intensive applications, such as
simulations, computer modeling and analytics. These technical and high-performance
computing (HPC) applications fuel product development, critical business
decisions and breakthrough science in financial services, manufacturing,
digital media, oil and gas, life sciences, government, research and education.
More than 2,000 clients, including 23 of the top 30 largest global enterprises,
use Platform Computing solutions, IBM said.
said across enterprises of all sizes, application complexity and the amount of
data continue to grow significantly, driving the need for more and more compute
capacity and high-performance, low-latency management and analytics tools.
Platform Computing's software with IBM's high-performance systems and software,
IBM can better serve enterprise clients who are turning to technical computing
to accelerate application performance, improve infrastructure flexibility and
reduce time to results. IBM intends to support Platform Computing's software on
heterogeneous systems and continue to work with many of Platform Computing's
existing partners, the company said.