IBM to acquire network management software maker Micromuse
US based tech giants IBM has announced that they are acquiring the network management software maker Micromuse. The deal is worth around $865m (Â£491m) and it would be conducted in an all cash transaction terms. IBM has shown interests in Micromuse considering the acquisition would help it in enhancing the IBM’s Tivoli software portfolio with Micomuse’s network management offerings.
Micromuse develops software to support IT systems handling voice over Internet Protocol, video and data traffic over the Internet. They also develop applications to help companies monitor their networks and address issues such as network outages and performance problems. The deal with IBM should be closed by the first quarter of next year.
And IBM plans to operate Micromuse as a business unit within the Tivoli software division. They would also be integrating the Micromuse technologies in their hardware and other service offerings. Al Zollar, IBM Tivoli software general manager said in a statement: “The combination of Micromuse and IBM Tivoli will help companies manage… sophisticated IT environments, deploy new business service management solutions, and deliver new network-based services.â€
This deal comes just after IBM announced their plans to acquire portal software developer Bowstreet. Looks like after Oracleâ€™s long buying spree, it is the turn of IBM to improve their portfolio of products and services.