IBM Acquires Analytics Firm DataMirror for $160 Million
07/16/2007
IBM (NYSE: IBM) and DataMirror Corporation (TSX: DMC) today announced an agreement for IBM to acquire DataMirror based in Markham, Ontario. Under the agreement, IBM will acquire all of the outstanding DataMirror common shares at a price of C$27.00 per common share payable in cash, amounting to total consideration of approximately C$170 million (approximately $161 million USD).
ebizQ receveid the following details:
DataMirror is a provider of technology that identifies and captures data that has been added, updated or deleted and allows the changed data to be delivered in real time to processes, applications and databases, ensuring that continuous, accurate and trusted information is available for decision-making.
"Organizations need the ability to capture and use information in real-time to help them make better business decisions, better serve their customers and increase operational efficiencies,” said Ambuj Goyal, general manager, IBM Information Management. “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.”
“IBM’s global reach and industry leading integration solutions will rapidly expand the impact of DataMirror software,” said Nigel Stokes, chief executive officer and founder, DataMirror. “This transaction represents a validation of the hard work of the DataMirror team over the last ten years, and an opportunity for our customers to continue to leverage our unique solutions.”
The acquisition of DataMirror will further IBM's cross-company Information on Demand business initiative, aimed at capturing the growing market opportunity for enabling customers to use information as a competitive and strategic business asset. IBM’s strategy is to provide customers with the data they need--when they need it--to help them quickly respond to changing market demands, rapidly identify new business opportunities, and improve business results.
For example, with DataMirror technology, a retailer can incorporate information from point of sale systems into a data warehouse in real-time and automatically trigger important business decisions and events, such as replenishing low stock based on current sales and inventory figures. Likewise, a telecommunications company’s billing system information can be integrated into customer resource management systems for a near real-time view of customers.
Following completion of the acquisition, IBM intends to:
- Integrate DataMirror with IBM’s Information Management Software unit led by General Manager Ambuj Goyal.
- Employ DataMirror software to support IBM Information Server, IBM’s first-of-a-kind information integration platform, making it easier for clients to apply real-time data integration techniques from a single platform across their businesses.
- Utilize DataMirror technology to bring heterogeneous real time change data capture to clients.
DataMirror has approximately 220 employees and more than 2,200 customers including Debenhams, FedEx Ground, First American Bank, Priority Health, Tiffany & Co., and Union Pacific Railroad.
The acquisition is subject to shareholder and regulatory approvals and customary closing conditions. It is anticipated to close in the third calendar quarter of 2007.
The desire by businesses to access, manage and deliver information more efficiently is driving rapid change in the information technology marketplace. Companies grappling with business demands are striving to capture and integrate information in a more seamless, real-time fashion across their enterprises. The combination of IBM and DataMirror allows both sets of customers to utilize DataMirror’s industry leading data-change event capture technology together with the industry’s most powerful information integration platform, IBM Information Server, delivering more value to customers by allowing information integration to be driven at the speed of business.