IBM Acquires DataMirror

Monday Jul 16th 2007 by DatabaseJournal.com Staff

Big Blue shells out $161 million for real-time data-integration vendor to expand on-demand offerings.

[From internetnews.com]

IBM (Quote) today announced that it has entered into an agreement to acquire real-time data-integration software vendor DataMirror.

Under the publicly disclosed terms of the deal, IBM will pay approximately US$161 million to acquire all outstanding DataMirror common shares at a price of approximately US$25.78 per common share payable in cash. DataMirror is listed on the Toronto Stock Exchange. The deal is expected to close after a special meeting of shareholders scheduled for Aug. 24 and is subject to regulatory approvals.

The article continues at http://www.internetnews.com/bus-news/article.php/3688951

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