Monday, September 27, 2010

IBM likely to continue snapping up Mass. tech firms - The Boston Globe

Speculation on some possible IBM next steps

More Massachusetts acquisitions are likely, said Peter Falvey, the Boston-based managing director of investment bank Morgan Keegan Technology Group. IBM is now so big, he said, it has to continue buying aggressively to maintain its growth rate, “and we know that they like tapping into our intellectual capital.’’

Falvey said that when he discussed possible Massachusetts IBM acquisition targets with his colleagues, one of the names that came up was Endeca Technologies Inc. in Cambridge, a provider of search and business intelligence software, “which is in the same general area as Netezza.’’

Progress Software Corp. in Bedford, which makes products that optimize enterprise software, and Marathon Technologies Corp. in Littleton, which makes software that improves application availability, are also possibilities, Falvey said, because they fit with the kind of software that IBM has been selling to its corporate customers.

IBM likely to continue snapping up Mass. tech firms - The Boston Globe

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