Monday, July 16, 2007

IBM to Acquire DataMirror to Deliver Real-Time Information on Demand

IBM acquires another data/information management player 

IBM (NYSE: IBM) and DataMirror Corporation (TSX: DMC) today announced an agreement for IBM to acquire DataMirror based in Markham, Ontario. Under the Arrangement Agreement, IBM will acquire all of the outstanding DataMirror common shares at a price of C$27.00 per common share payable in cash, amounting to total consideration of approximately C$170 million (approximately $161 million USD).

DataMirror is a provider of technology that identifies and captures data that has been added, updated or deleted and allows the changed data to be delivered in real time to processes, applications and databases, ensuring that continuous, accurate and trusted information is available for decision-making.

IBM to Acquire DataMirror to Deliver Real-Time Information on Demand

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