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Archive for the 'Commerce' Category

IBM buys Mass. software company

April
18

IBM Corp. acquired Diligent Technologies Corp., a Framingham, Mass., technology company, the Armonk-based computing giant said today.

Terms of the deal weren’t disclosed.

Diligent, which has operations in Tel Aviv, Israel, develops “de-duplication” software that helps organizations reduce the amount and cost of of physical storage needed in data centers. Diligent will be folded into Armonk-based IBM’s System Storage business unit, Big Blue said.

Separately, IBM said it signed a $2.8 billion agreement with Cetelem, a subsidiary of French banking giant BNP-Paribas, to upgrade Cetelem’s consumer financial services operations in Argentina.

Posted by David Schepp on Friday, April 18th, 2008 at 2:45 pm | del.icio.us Digg
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Yonkers banker opens new branch in Manhattan

April
14

Hudson Valley Bank has opened a new branch on Manhattan’s West Side, it said today.

The office, at 112 W. 34th St., near Herald Square and Penn Station, joins three others the Yonkers-based financial-services company operates in Manhattan.

Hudson Valley Bank is a unit of Hudson Valley Holding Corp., which also owns NYNB Bank.

Posted by David Schepp on Monday, April 14th, 2008 at 4:50 pm | del.icio.us Digg
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IBM report outlines risks to national security

April
14

IBM has released a report outlining new risks to people, cargo, and worldwide flows of information, finance and transportation, the Armonk-based technology giant said today.

Based on research and interviews with more than 200 former and current government officials and policy experts, the report highlights the complexity and vulnerability of these systems and provides recommendations for the future, IBM said.

They include developing security systems that do more than just prevent attacks, but also isolate disruptions and provide quick recovery.

Another recommendation is to build technological systems that provide the right information to employees when they need it to help them do their jobs better and protect their organizations.

“Our findings indicate that a better understanding of emerging risks makes it possible to improve security and resilience without harming commercial interests,” said W. Scott Gould, vice president of public sector strategy at IBM’s Global Business Services unit, in a written statement.

The report is available online at IBM’s Web site (www.ibm.com) and requires Adobe Reader software.

Posted by David Schepp on Monday, April 14th, 2008 at 4:02 pm | del.icio.us Digg
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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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