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IBM buys Platform Computing

IBM Corp. has entered into a definitive agreement to acquire Platform Computing, a privately held company headquartered in Markham, Ont.


October 12, 2011  


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IBM Corp. has entered into a definitive agreement to acquire Platform Computing, a privately held company headquartered in Markham, Ont.

The firm develops cluster and grid management software for distributed computing environments. The acquisition is anticipated to close in the fourth quarter of 2011, subject to the satisfaction of closing conditions. Financial terms were not disclosed.

From departmental clusters to enterprise grids, Platform Computing management software helps clients create, integrate and manage shared computing environments that are used in resource-intensive applications such as simulations, computer modeling and analytics, IBM said in a release.

The company currently serves over 2,000 clients including 23 of the top 30 largest global enterprises. Example customers include CERN, Citigroup, Infineon, Pratt & Whitney, Red Bull Racing, Sanger Institute, Statoil and the University of Tokyo.