IBM Tackles Cloud Integration With Acquisition
The purchase of Cast Iron Systems gives IBM customers a bridge between traditional on-premise solutions and cloud computing.
IBM today reinforced its commitment to what most see as the future of enterprise software with its acquisition of Cast Iron Systems, a privately held cloud-computing software and services company that aims to simplify life for companies eager to blend their on-premise and on-demand application suites.
Terms of the deal were not disclosed, but by virtue of the purchase IBM sent an unmistakable message to competitors and customers alike that it's serious about providing the inevitable bridge between old-school, on-premise software installations and on-demand applications that are cheaper and more malleable in an increasingly mobile computing landscape.
IBM (NYSE: IBM) shares inched up $0.61 a share, less than 1 percent, to $129.61 following the announcement.
IBM Tackles Cloud Integration With Cast Iron Systems Buy