IT
Scan
December
14, 2002
IBM to acquire Rational Software
MUMBAI -- IBM and Rational Software Corp. announced
that they have entered into a definitive agreement
for IBM to acquire equity of Rational at a price of
approximately $2.1 billion in cash or $10.50 per share.
IBM
will provide a complete software development environment
for companies that want to integrate their business
processes and software infrastructure with suppliers,
customers and employees. This requires the integration
of data management, systems management, collaboration,
transaction and business process integration middleware
and software development. The acquisition of Rational
will strengthen IBM's leadership in each of these
segments, including software development, and reinforce
IBM's commitment to open industry standards. The acquisition
is an important element of IBM's e-business on demand
strategy.
Once
the acquisition is completed, IBM plans to market
and sell Rational's application development offerings
worldwide through Rational sales force, which will
become part of IBM sales force team. IBM will integrate
Rational's products more tightly with IBM software
products. It will also continue Rational's investment
in and support for open standards technologies that
support a variety of platforms, including Unix, Windows
and others. IBM plans to accelerate investments in
Rational products to support the emerging requirements
of current customers, system integrators and independent
software vendors.
Contact:
IBM India Ltd
Tel: 91-80-2063944
Fax: 91-80-2063871
Email: devikama@in.ibm.com
Web: www.ibm.com
