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IBM is on the acquisition path once again with their latest purchase being Markham, Ontario-based DataMirror. DataMirror provides real-time data integration and data protection solutions. The total deal is said to be worth approximately C$170 million (approximately $161 million USD) or C$27.00 per common share.

“Organizations need the ability to capture and use information in real-time to help them make better business decisions, better serve their customers and increase operational efficiencies,” said Ambuj Goyal, general manager, IBM Information Management. “The combination of DataMirror technology and IBM information management software will help customers bring real-time data analysis closer to actual business processes, allowing them to be more competitive and to generate more value from their information.”

IBM plans to leverage this acquisition to further their on Demand business initiatives, which help customers to use information as a competitive and strategic business asset. DataMirror has approximately 220 employees and more than 2,200 customers including Debenhams, FedEx Ground, First American Bank, no word on what will happen to the employees once the acquisition has been approoved by shareholders and regulatory approval.

Categories: Deal Flow, For The Books
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