IBM enters into an agreement to acquire Platform Computing, a maker of clustering, grid and high performance computing (HPC) software.
IBM announced it has entered into a definitive agreement to acquire
Platform Computing, a privately held technical and high performance
computing software company headquartered in Toronto, Ontario, Canada.
Platform Computing is a maker of cluster and grid management
software for distributed computing environments. The acquisition is
anticipated to close in the fourth quarter of 2011, subject to the
satisfaction of closing conditions. Financial terms were not disclosed.
"IBM considers the acquisition of Platform Computing to be a
strategic element for the transformation of HPC into the high growth
segment of technical computing and an important part of our smarter
computing strategy," said Helene Armitage, general manager of IBM
Systems Software, in a statement. "This acquisition can be leveraged
across IBM as we enhance our IBM offerings and solutions, providing
clients with technology that helps draw insights to fuel critical
business decisions or breakthrough science."
From departmental clusters to enterprise grids, Platform Computing
management software helps clients create, integrate and manage shared
computing environments that are used in resource-intensive applications
such as simulations, computer modeling and analytics, IBM said in a
press release on the pending acquisition. 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, and research and education, IBM said.
Moreover, application complexity and the amount of data continue to
grow significantly across enterprises, driving the need for more and
more compute capacity. By combining Platform Computing's software with
IBM high performance systems and software, IBM can better serve
enterprise clients who are turning to technical computing to reduce the
cost and complexity of managing and analyzing massive amounts of data,
The combined opportunity for servers, storage and systems software
for technical computing is more than $14 billion in 2011 and is
expected to grow over 8 percent annually to $18.5 billion by 2014,
according to IDC.
Platform Computing currently serves more than 2,000 clients
including 23 of the top 30 largest global enterprises. Platform
Computing's customers include ERN, Citigroup, Infineon, Pratt &
Whitney, Red Bull Racing, Sanger Institute, Statoil and University of
Tokyo. In addition, Platform Computing's extensive network of
independent software vendors (ISVs), original equipment manufacturers
(OEMs) and others provides IBM with the opportunity to deliver
distributed computing management software to a broader set of clients
while supporting Platform Computing's existing clients, IBM said.
"Platform Computing's software has a proven track record over the
past 19 years of helping clients to accelerate innovation, business
analytics and IT services while being easy to deploy and manage," said
Songnian Zhou, CEO of Platform Computing, in a statement. "Our
market-leading software has enabled broad adoption of commodity
clusters and enterprise grids around the world. This acquisition will
enable Platform Computing to better serve our customers by leveraging
the IBM solution portfolio and extend the reach of our pioneering
distributed computing software for broader enterprise adoption."
IBM officials said Platform Computing's technical and distributed
computing management software suite complements Big Blue's
high-performance platforms including System x, BladeCenter, Power
Systems and System Storage, as well as the IBM software portfolio,
including Tivoli management and WebSphere application
Platform Computing's operations as of the closing of the acquisition
will be integrated into IBM Systems and Technology Group. Platform
Computing has approximately 500 employees worldwide. Moreover, the
acquisition of Platform Computing will help accelerate IBM's growth in
smarter computing, a key initiative in IBM's Smarter Planet strategy,
IBM said. Earlier this year, IBM said Smarter Planet projects are
estimated to drive $10 billion in revenue for IBM by 2015.