Some Recent Cloud Computing Acquisitions – I
This is the second in a continuing series on cloud computing acquisitions. You can read the first one in the series here: Some Recent Cloud Computing Acquisitions. This article covers two recent acquisitions.
IBM – Platform Computing
IBM seems to be on an acquisition spree as far as cloud computing is concerned. After DemandTec in December (See: Some Recent Cloud Computing Acquisitions) and Green Hat in January (See: How Does the Green Hat Acquisition Help IBM’s Cloud Strategy? ), Ontario-based Platform Computing (http://www.platform.com/) became the latest company to enter the IBM fold, also in January. Financial details were not disclosed, although it is likely much less than the $440 million Big Blue paid for DemandTec.
This deal was a long time in the making, with IBM having announced in October last year the signing of a definitive agreement to acquire the privately-held provider of cluster, grid and cloud management software for distributed computing environments. The company boasts of more than 2,000 clients, including 23 of the top 30 largest global enterprises, who use its products to create, integrate and manage shared computing environments that are used in high performance computing (HPC) applications such as simulations, computer modeling and analytics. Post acquisition, Platform Computing will become part of IBM’s Systems and Technology Group.
“The acquisition of Platform Computing will help accelerate IBM’s growth in smarter computing, a key initiative in IBM’s Smarter Planet strategy, by extending the reach of our HPC offerings into the high growth segment of technical computing. Our intent is to enable clients to uncover insights from growing volumes of data so they can take actions that optimize business results,” said Helene Armitage, general manager of IBM Systems Software.
Symantec – LiveOffice
Information security leader Symantec Corp. recently announced the acquisition of privately-held cloud-based archiving company LiveOffice (http://www.liveoffice.com/) for $115 million. Symantec intends to integrate LiveOffice in its information governance unit, thereby closing the gap between its storage and eDiscovery units. LiveOffice had earlier partnered with Symantec in hosting its Enterprise Vault cloud.
“What were once disparate issues – information management, eDiscovery, and data security—are rapidly coming together due to the explosion of electronically stored information and the on-premise and cloud-based technologies that deliver and disseminate it. Organizations are increasingly demanding that these issues be addressed in a unified way through information governance. As a market leader for storage, eDiscovery and security, Symantec continues to enhance its offerings and deepen its commitment to provide the most comprehensive intelligent information governance solutions,” said Brian Dye, vice president, Information Intelligence Group, Symantec Corp.
Symantec, the largest security software maker in the world and owner of the popular Norton brand, is not the only security firm looking to the cloud to expand its business; McAfee, now a part of Intel, is also looking in this direction (See: Can McAfee’s New Security Updates Assuage Cloud Computing Fears?). Symantec’s growing role in cloud computing can be beneficial to the industry battling with information security concerns.
By Sourya Biswas