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Business in the Burbs

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IBM Corp. agrees to buy French software maker

July
28

IBM Corp. agreed today to pay about $215 million euros ($340 million) for Ilog SA, a French maker of business software.

The deal will enable the Armonk-based computing giant to combine its business process management, business optimization and service oriented architecture technologies with Ilog’s business rules management systems software, IBM said.

IBM’s offer represents a 37 percent premium above Ilog’s closing price on Friday.

The deal has the approval of the Ilog board, which will make a decision on the deal before Sept. 15, after which the offer will be filed with the French stock exchange authority.

Shares of Big Blue rose fractionally in trading today to $126.48 each.

This entry was posted on Monday, July 28th, 2008 at 4:15 pm by David Schepp. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Acquisitions, IBM, Mergers & acquisitions, Software, Technology

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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