Wednesday, January 23, 2008

AptSoft Acquired by IBM - Burlington, MA

AptSoft, a privately held, Burlington-based software company, has been acquired by IT giant IBM for an undisclosed price. AptSoft's technology helps businesses uncover "the cause-and-effect relationships among seemingly disparate business events that occur in milliseconds or throughout defined periods of time," IBM said. The acquisition will complement IBM's existing SOA (Service-Oriented Architecture) software and related services offerings that include its WebSphere, Information Management and Tivoli brands, as well as RFID and Web 2.0 capabilities and industry-specific products, the company said. Egan-Managed Capital, Portage Venture Partners and Lazard Technology Partners.


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