Noting that IBM has snapped up four Massachusetts companies in the past three months, the Boston Globe speculates on the identities of the next four takeover candidates. After all, an IBM exec says in the article that his company is always on the hunt.
Noting that IBM has snapped up four Massachusetts companies in the past three months, the Boston Globe speculates on the identities of the next four takeover candidates. After all, an IBM exec says in the article that his company is always on the hunt.From the Globearticle:
"We are an acquisition-friendly company," said Mike Loria, IBM's vice president of business development. "We are constantly looking."
Although IBM searches the entire world for new acquisitions, Massachusetts is a prime hunting ground, thanks to its excellent universities and array of small but sophisticated tech companies. "There's a lot of incubation that takes place in Massachusetts," said Loria, who's based in Westford at IBM's new Mass Lab, the company's largest software operation in North America.
Loria is a veteran of Rational Software, a maker of software development tools that IBM acquired in 2003 for $2.1 billion. It was the first major Massachusetts acquisition overseen by Sam Palmisano, IBM's then-new chief executive, who vowed to expand the company through multiple acquisitions.
Over the summer, IBM's Massachusetts acquisitions have included Unica Corp. for $480 million and a proposed takeover of Netezza for $1.7 billion. The Netezza deal hasn't closed yet and since the company's in the hot area of optimized systems for data analytics and warehousing, it's possible that another suitor might jump in with a higher bid, as we saw recently with the battle between Hewlett-Packard and Dell for 3Par.
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