The Channel logo


By | Kelly Fiveash 28th July 2008 10:32

IBM throws arms around ILOG

BPM, SOA treehuggers unite

IBM is buying French software maker ILOG for €215m ($340m).

The tech giant said today the deal is part of IBM’s strategy to beef up business process management and service-oriented architecture technologies.

The offer price represents a premium of about 56 per cent compared with ILOG’s one month average closing share price before today, and a 37 per cent premium to the closing price on Friday (25 July). IBM received commitments from shareholders representing about ten per cent of ILOG’s share capital.

ILOG separately reported today that net profit tumbled $500,000 on revenues of $181m in the year ended 30 June, from a net income of $4.9m on revs of $161.5m.

"In the fourth quarter, we faced a challenging economic environment, notably in the financial sector, which remains a key source of revenues for ILOG," the firm said. ®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe