IBM buys another Mass. company
IBM Corp. today announced it is expanding its business event processing software portfolio by acquiring AptSoft Corp., a tiny privately-held Burlington software company.
Financial details were not disclosed.
A Globe story from earlier this month noted that technology giant IBM of Armonk, N.Y., had acquired nine Massachusetts software companies and has nearly 5,000 employees in the BAy State; in November, IBM announced plans to buy Cognos Inc., a Canadian company with 390 employees in Massachusetts, for nearly $5 billion.
AptSoft, which does not disclose revenues, has 11 employees, an IBM spokeswoman said.
AptSoft technology helps businesses uncover the cause-and-effect relationships among seemingly disparate business events that occur in milliseconds or throughout defined periods of time, said IBM, which added that AptSoft's business event processing software further illustrates IBM's commitment to pursuing the service oriented architecture (SOA) market opportunity and will complement IBM's existing SOA software and related services offerings that span the WebSphere, Information Management and Tivoli brands as well as RFID and Web 2.0 capabilities and industry-specific solutions.
(By Chris Reidy, Globe staff)







