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IBM continues with its acquisition in 2007
05-03-2007

The American giant IBM has announced that they will continue with their expanding politic of acquisition of small companies. Last year the company set aside over 5 billions USD for acquisition of 13 companies.

The name of the IBM new target is not known yet as they do not expose the plans for their future projects. The acquisitions from the last year generally concerned the software companies - a field in which IBM wants to develop.

The company underlines that the working capital in the companies that the company bought last year, was increased with 50% for the third quarter compared to the same period for the 2005.

Some of the companies that were bought were FileNet, for which IBM paid 1,6 billion USD, Internet Security Systems and MRO Software.


Investor.bg
 
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