文章基本信息

标题：IBM to acquire Crossworlds Software for 2.51 times revenue
期刊名称：Weekly Corporate Growth Report
出版年度：2001
卷号：Nov 12, 2001
出版社：N V S T.com, Inc.

IBM to acquire Crossworlds Software for 2.51 times revenue

Featured Transaction

The Deal: IBM has agreed to purchase Crossworlds Software Inc. for $129 million. The acquisition is a move by IBM to strengthen its Internet software business.

Discussion: Crossworlds Software is making a name with its connectivity tools, which integrate large corporations' office applications such as sales, service and procurement. Nearly 60 percent of its sales come from related services. The software also links global companies' business processes online with suppliers and customers. CrossWorlds caters to companies in the manufacturing, telecom and financial services industries. The firm's clients include Nortel Networks, Caterpillar and Whirlpool.

IBM is the world's top provider of computer hardware. The company makes a broad range of computers, including PCs, notebooks, mainframes and network servers. It also develops software and peripherals, and derives about 35 percent of sales from an ever-expanding service arm that is the largest in the world. IBM owns software pioneer Lotus Development, maker of the Lotus Notes messaging system. Subsidiary Tivoli Systems develops tools that manage corporate computer networks.