IBM to acquire CrossAccess.IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) has announced it has signed a definitive agreement to acquire the software assets of CrossAccess Corporation, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . The acquisition is expected to close later this month. Financial details were not disclosed. CrossAccess is a provider of infrastructure software that enables corporations to access information stored in mainframe databases and make it available for use with new business applications. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry estimates, nearly 60 percent of corporate business information resides on mainframes today. The acquisition further strengthens IBM's enterprise information integration capabilities, a key strategic priority for its Data Management efforts and the company's on demand computing computing - computer initiatives. According to industry analysts, the market opportunity for business integration software is expected to exceed $10 billion by 2006. IDC also estimates that companies are now spending as much as 40 percent of their annual IT budgets on integration. With today's acquisition, IBM is further extending its information integration capabilities to help companies manage all forms of information across the enterprise. DB2 Information Integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. software enables organizations to build on their existing IT infrastructure and reduce the time and costs associated with integrating their diverse data environments. With CrossAccess technology integrated into DB2 Information Integrator software, IBM will be uniquely positioned to deliver the most comprehensive enterprise information integration infrastructure in the industry. No other software vendor provides this depth and breadth of integration capabilities. "Businesses today are faced with the challenge to drive more value from their existing information assets, said Janet Janet: see Clouet, Jean. JANET - Joint Academic NETwork Perna, general manager, IBM Data Management Software. "With the addition of CrossAccess technology and its expertise in mainframe data access, IBM is bringing more value to customers faster in helping them leverage their information across and beyond the enterprise." "IBM is the leader in helping customers implement an open information integration infrastructure," said George George, river, c.345 mi (560 km) long, rising in a lake on the Quebec-Labrador boundary, E Canada. It flows N through Indian Lake (125 sq mi/324 sq km) to Ungava Bay (an arm of Hudson Strait). Langan, president, CrossAccess Corporation. "CrossAccess technology integrates seamlessly with DB2 Information Integrator, enabling businesses to access and integrate mainframe data with other information assets to realize productivity gains and enhance business insight." There are more than 60 million DB2 users from 425,000 companies worldwide relying on IBM DB2 Data Management Solutions. IBM is the only data management software vendor to provide customers with integrated solutions for database management, tools, content management, enterprise information integration and business intelligence. |
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