10:39 AM
Kristie Cattafi
Kristie Cattafi
Connect Directly

IBM to Acquire ILOG

IBM and ILOG, a provider of analytics and intelligence solutions, have signed an agreement regarding the proposed sale of ILOG to IBM. IBM will combine its business process management (BPM), business optimization and service oriented architecture (SOA) technologies with ILOG's Business Rules Management Systems software. According to the companies, this will enable IBM to help clients deliver business information in real-time.

When completed, the acquisition will strengthen IBM's BPM and SOA position by providing customers with a full set of rule management tools for complete information and application lifecycle management that can work across a variety of platforms, including IBM's WebSphere application development and management platform. The cash tender offer will be at a price of 10 per ordinary share and the U.S. dollar equivalent per American Depositary Share based on the Euro/U.S. dollar exchange rate as of the settlement of the tender offers, amounting to an aggregate purchase price of approximately 215 million or approximately $US340 million on a fully diluted basis.

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.