IBM buys up BLADE

Acquisition deal

The flurry of acquisitions over the summer has continued into the autumn months with yet another take over announced.

This time it is IBM splashing the cash, buying BLADE Network Technologies (BLADE), although this time the money behind the deal has been kept secret.

Santa Clara-based BLADE is known for its switches and virtualisation software. Although IBM will now own the company, it claimed it would also continue to offer customers a choice in other networking technologies.

"BLADE views this as a great opportunity to continue working with the ecosystem of technology providers that have helped make our company successful while allowing our technology to become a more central part of the data centre," said Vikram Mehta, chief executive (CEO) of BLADE.

"Our very talented and hard working people are focused on building innovative system networking solutions, making BLADE an ideal fit to help IBM execute on its strategy to build smarter systems that deliver more value to clients around the world."

The deal is still subject to closing conditions and, of course, the regulatory process, but the companies have predicted it should close during the fourth quarter of 2010.