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IBM to acquire Blade |
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IBM has agreed to acquire Blade Network Technologies, a Santa Clara, CA based privately-held company specializing in software and devices that route data and transactions to and from servers. Financial terms of the transaction were not disclosed.  Blade provides blade server and top-of-rack switches as well as software to virtualize and manage cloud computing and other workloads. The company has over half of the Fortune 500 list of companies as clients, IBM said, spanning 26 industry verticals including automotive, telecom services, education, government, healthcare, defense and finance. IBM and Blade have shared a co-working relationship dating back to 2002, which has ensured an overlapping client list since over half of IBM's System x BladeCenters currently attach to or use Blade products.IBM said that by acquiring Blade, it will be able to drive innovation at the systems networking level to enable clients to speed the delivery of key information from system to system for workloads such as analytics and cloud computing while also reducing data center costs. The company expected the acquisition to close in the fourth quarter of 2010, subject to customary closing conditions and regulatory reviews. |
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