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IBM Acquires DataMirror - InternetNews.
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IBM Acquires DataMirror

IBM today announced that it has entered into an agreement to acquire real-time data-integration software vendor DataMirror.

Under the publicly disclosed terms of the deal, IBM will pay approximately US$161 million to acquire all outstanding DataMirror common shares at a price of approximately US$25.78 per common share payable in cash. DataMirror is listed on the Toronto Stock Exchange. The deal is expected to close after a special meeting of shareholders scheduled for Aug. 24 and is subject to regulatory approvals.

Pending the successful completion of the deal, the DataMirror business is expected to be merged with IBM's Information Management Software unit, which is run by General Manager Ambuj Goyal.

Markham, Ontario-based DataMirror claims to have more than 2,200 customers and currently has approximately 220 employees.

"The combination of DataMirror technology and IBM information management software will help customers bring real-time data analysis closer to actual business processes, allowing them to be more competitive and to generate more value from their information," Ambuj Goyal, general manager of IBM Information Management, said in a statement.

The DataMirror software suite, which enables real-time data integration across platforms, will be used in support of IBM Information Server. Originally announced in October, IBM Information Server profiles data, cleanses data to ensure quality, and transforms that data to meet a particular service request.

Integrating with DataMirror's software suite in Information Server are other assets that IBM has acquired in the data-integration space from Ascential, Venetica, Unicorn and CrossAccess.

IBM Information Server is the core of IBM's billion-dollar Information on Demand initiative. Overall IBM has stated that it expects the Information on Demand market to be worth $69 billion by 2009.