Monday, March 14, 2005

IBM to Acquire Ascential Software

IBM to Acquire Ascential Software: "IBM and Ascential Software Corporation today announced the two companies have entered into a definitive agreement for IBM to acquire the equity of Ascential Software, a publicly held company based in Westboro, Mass., in an all cash transaction at a price of approximately $1.1 billion or $18.50 per share. The acquisition is subject to Ascential Software shareholder and regulatory approvals and other customary closing conditions, and is expected to close in the second quarter of 2005. "

Interesting -- IBM acquires the parts of Informix it passed on when it acquired the Informix DBMS business (for $1B cash) in 2001/04. The market consolidation among IBM, Microsoft, Oracle, and SAP continues...

Update: link above broken; see http://www.ascential.com/news/pr.html/view/1107 instead
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