IBM Adds Lombardi to its BPM Product Mix
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IBM continued its buying spree of software firms focused on business process management, with the purchase of this privately held firm. After spending several billion on firms like SPSS, Cognos and FileNet, what does IBM get from a relatively smaller player> Datamation finds out.
IBM on Wednesday added another piece to its business process management (BPM) portfolio when it acquired Lombardi, a privately held software developer based in Austin, Texas.
Financial terms of the deal were not disclosed.
IBM (NYSE: IBM) officials said Lombardi's department-level approach to delivering process management will complement the enterprise-wide process management features found in Big Blue's flagship WebSphere application suite.
Craig Hayman, general manager of IBM's application and integration middleware group, said Lombardi's applications helps businesses identify the best way to streamline their most important business processes and do it in a way that improves efficiency and reduces costs.