IBM is to buy Ascential Software for $1.1bn (£611m) in a bid to bolster its family of software integration products.
Ascential Software is provider of enterprise data integration software, with 3,000 customers using Ascential’s solutions to build enterprise datawarehouses, support business intelligence systems, consolidate enterprise applications, create and manage repositories of critical business information, and enable on demand data access.
IBM says the acquisition will complement and strengthen its growing information integration business which is a key part of its information management suite of products, which achieved triple-digit sales growth in 2004.
Ascential Software reported a 46% increase in sales in 2004 to £151m. IBM said Ascential Software's solutions’ ability to quickly gather, move and enhance the quality of large amounts of data complements its Websphere Information Integrator product portfolio.
"Information integration is an important enabler of an on demand business strategy and customers are increasing their investments in software that allows them to rapidly analyse, consolidate and extract value from their business data," said Steve Mills, IBM software group senior vice-president and group executive.
"The acquisition of Ascential Software expands IBM's open information integration platform and strengthens our ability to help customers create an environment that delivers the data they need, in the right form, to the right location, and at the right time. That is the mark of an on demand business," said Mills.