IBM completes purchase of Ilog

January

IBM Corp., the Armonk-based computer services giant, said that it has completed its $340 million acquisition of Ilog SA, a French maker of business software.

Paris-based Ilog has more than 2,500 customers, 850 employees and operations in 30 countries. The purchase, originally announced on July 28, was completed after IBM bought the outstanding stock in Ilog.

In other news, IBM announced a $5 million contract with Kotak Mahindra Bank Ltd., a major financial company in India. Under the contract, IBM will build an energy-efficient green data center and provide other tech services for the bank.

This entry was posted on Tuesday, January 6th, 2009 at 1:05 pm by Jay Loomis.
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