IBM On Acquisition Tear With Third Deal In 3 Months

Business Insider

IBM is on the warpath to spend $20 billion by 2015.

Big Blue today completed its third acquisition in as many months by buying Cúram Software. By the looks of it, it is going to stretch that $20 billion across many small deals.

Cúram is a 700-employee company based in Ireland that makes software to help governments manage social programs, which it dubs "Social Service Program Delivery."

Over the previous two months, IBM opened its wallet for two other software firms: security software maker Q1 Labs, and grid-computing software maker Platform Computing.

The terms of today's deal were not disclosed, nor were the terms of the previous two buys.

IBM plans to absorb Cúram into its Software Group division. Cúram Software is used in more than 80 government agency projects worldwide such as health and human services, HR, and social security, IBM says. IBM had already been a big partner to Cúram, with many of these projects built using IBM's WebSphere software.

IBM says that ownership of Cúram will help advance its "Smarter Cities initiative" an effort to help governments automate more tasks.

Prior to September, IBM acquired but a single company, Tririga, a maker of real-estate management software company, the Wall Street Journal points out. But with billions to burn, IBM has a lot more shopping to do.



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