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Business in the Burbs

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Archive for the 'Software' Category

IBM tops charts in sales of identity software


Armonk-based IBM Corp. said today that for the second year in a row it outsold its competitors in sales of identity- and access-management software, citing analysis from independent analyst firm IDC.

The report noted that IBM’s sales of such software rose 6 percent from 2006, while total worldwide sales of the software by all vendors grew last year to more than $3.1 billion.

Further, IDC anticipates revenues to rise to $5.3 billion by 2012, IBM said.

Posted by David Schepp on Thursday, September 4th, 2008 at 2:17 pm |
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JMT Consulting agrees to acquire rival software firm


JMT Consulting Group of Patterson has agreed to acquire St. Louis-based NFP Consultants Inc., said the companies, which both provide consulting and software to nonprofit organizations.

Terms of the deal, announced this week, weren’t disclosed.

“Bringing these two great companies together will allow us to transcend what we have accomplished as separate businesses into one superior consultancy,” said Jacqueline Tiso, founder and chief executive of JMT Consulting.

The purchase is subject to customary conditions and is expected to close within 60 days, the companies said.

JMT has 25 employees, about a dozen of which work at the company’s Putnam offices, a spokeswoman said.

Posted by David Schepp on Friday, August 1st, 2008 at 1:04 pm |
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IBM Corp. agrees to buy French software maker


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.

Posted by David Schepp on Monday, July 28th, 2008 at 4:15 pm |
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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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