Mainframe monopoly maintenance...
International Business Machines Corp. said it agreed to buy Platform Solutions Inc. in a deal that eliminates ongoing litigation and a potential competitor for its lucrative mainframe business.
IBM didn't disclose what it's paying for Platform, a venture-capital backed, Sunnyvale, Calif., company with about 30 employees and ambitious plans to sell powerful computers that run the same software that runs on IBM's pricey Z-system mainframe computer, which can cost upwards of $1 million. Mainframes are used in the data centers of many of the world's largest financial institutions and government agencies.
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