IBM has acquired all the outstanding shares of Holosofx, a privately-held, California-based provider of business integration software.
IBM says it made the acquisition to extend its portfolio of business integration infrastructure software. Holosofx’s business process modeling and monitoring tools will be bundled with IBM’s WebSphere Business Integration platform and sold on to large customers such as financial institutions.
Ten-year old Holosofx currently lists JP Morgan, Morgan Stanley Dean Witter, National Australia Bank and Wachovia among its financial customers.
Ambuj Goyal, general manager, solutions and strategy, IBM Software Group, comments: "Our customers want business tools that model and monitor their business processes without requiring programming skills, so they can focus on automating cross-application business processes to reduce costs and rapidly deliver return on investment."
This is the third acquisition in the integration space by IBM Software Group in the last nine months. IBM closed its acquisition of CrossWorlds Software for business process integration in January 2002, and in June acquired Metamerge for directory integration.
Financial details were not disclosed.