Friday, June 24, 2005

IBM expands on demand portfolio with Meiosys buy

"IBM has purchased privately held middleware company Meiosys, which specializes in application relocation software, Big Blue announced Thursday. The move will help IBM broaden the information on demand and virtualization capabilities of its existing Unix and Linux middleware, the company said in a release. "

[Infoworld]

Meiosys raised over $13M from Alven Capital, Cisco, Wellington, and others. Company was profitable when it raised a $7.5M round in September of 2004. Financial terms of the acquisition were undisclosed.

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