IBM today announced it has entered into a definitive agreement to acquire Platform Computing, a privately held company headquartered in Toronto, Ontario, Canada.
Platform Computing is a global leader in cluster and grid management
software for distributed computing environments. The acquisition is
anticipated to close in the fourth quarter of 2011, subject to the
satisfaction of closing conditions. Financial terms were not disclosed.
From departmental clusters to enterprise grids, Platform Computing
management software helps clients create, integrate and manage shared
computing environments that are used in resource-intensive applications such
as simulations, computer modeling and analytics. These technical and high
performance computing (HPC) applications fuel product development, critical
business decisions and breakthrough science in financial services,
manufacturing, digital media, oil and gas, life sciences, government, and
research and education.
By combining Platform Computing's software with IBM high performance systems
and software, IBM will be able to better serve its enterprise clients who
are turning to technical computing to reduce the cost and complexity of
managing and analyzing massive amounts of data in a timely fashion.
"IBM considers the acquisition of Platform Computing to be a strategic
element for the transformation of HPC into the high growth segment of
technical computing and an important part of our smarter computing
strategy," said Helene Armitage, general manager, IBM Systems Software.
"This acquisition can be leveraged across IBM as we enhance our IBM
offerings and solutions, providing clients with technology that helps draw
insights to fuel critical business decisions or breakthrough science."
Platform Computing currently serves over 2,000 clients including 23 of the
top 30 largest global enterprises.
Platform Computing's operations as of the closing will be integrated into
IBM Systems and Technology Group. Platform Computing has approximately 500