IBM acquires portal software developer Bowstreet
US based tech giants IBM (International Business Machines Corporation) has announced that they are acquiring portal software developer Bowstreet. The companies have not disclosed the financial terms of the deal. IBM have however said that they aim integrate the companyâ€™s technology with its service-oriented architecture strategy and WebSphere Portal product.
Bowstreet is not new to IBM. They sell tools enabling companies to integrate their documents, databases, and other information into a corporate portal that employees, customers, partners, and suppliers can access. They have worked with IBM on more than 100 joint customer engagements.
Now IBM would be merging the operations of the company with their own groups. Mike Rhodin, general manager of IBMâ€™s workplace, portal, and collaboration business said in a statement: â€œThe combination of Bowstreet and WebSphere Portal provides customers with a simple way to blend assorted data and information into a single application.â€
Bowstreet CEO Michael George added: â€œAs organizations have to manage an increasing amount of information on multiple and disparate systems, the combination of Bowstreet and WebSphere Portal can make it easier for them to take business information from a variety of sources and quickly assemble composite portal solutions.â€