IBM to Acquire Platform Computing

By Ed Silverstein October 11, 2011

IBM will acquire Platform Computing, a cluster and grid management software company based in Toronto, with the deal expected to close in the fourth quarter of 2011.

Financial details were not disclosed, according to an IBM press release.

The Platform Computing deal will lead to faster growth in smarter computing for IBM. Overall, IBM says that Smarter Planet projects will lead to some $10 billion in revenue by 2015 for IBM.

"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," Helene Armitage, general manager, IBM Systems Software, said in a company statement. "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."

The Canadian-based Platform Computing has over 2,000 clients. These include 23 of the 30 largest businesses. Among its customers are: CERN, Citigroup, Infineon, Pratt & Whitney, Red Bull Racing, Sanger Institute, Statoil and University of Tokyo. The company currently has about 500 employees.

"Platform Computing's software has a proven track record over the past 19 years of helping clients to accelerate innovation, business analytics and IT services while being easy to deploy and manage," Songnian Zhou, CEO, Platform Computing, said in the company statement. "Our market-leading software has enabled broad adoption of commodity clusters and enterprise grids around the world. This acquisition will enable Platform Computing to better serve our customers by leveraging the IBM solution portfolio and extend the reach of our pioneering distributed computing software for broader enterprise adoption."

Platform Computing will be integrated into the IBM Systems and Technology Group, according to a statement carried by TechZone360.


Ed Silverstein is a TechZone360 contributor. To read more of his articles, please visit his columnist page.

Edited by Carrie Schmelkin

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More