M&A Deal Summary

IBM Acquires Cast Iron Systems

On May 3, 2010, IBM acquired internet software and services company Cast Iron Systems

Acquisition Highlights
  • This is IBM’s 5th transaction in the Internet Software and Services sector.
  • This is IBM’s 70th transaction in the United States.
  • This is IBM’s 27th transaction in California.

M&A Deal Summary

Date 2010-05-03
Target Cast Iron Systems
Sector Internet Software and Services
Buyer(s) IBM
Deal Type Add-on Acquisition

Target

Cast Iron Systems

Mountain View, California, United States
Cast Iron Systems, Inc. is a provider of cloud integration software, appliances and services.

Search 214,877 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 93 of 204
Sector: Internet Software and Services M&A 5 of 25
Type: Add-on Acquisition M&A Deals 80 of 181
State: California M&A 27 of 48
Country: United States M&A 70 of 147
Year: 2010 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-16 Intelliden

Menlo Park, California, United States

Intelliden, Inc. is a provider of intelligent network automation software that enables organizations such as telecommunications companies to configure, manage and scale their networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-24 Sterling Commerce

Dublin, Ohio, United States

Sterling Commerce, Inc. is a software company that provides order management, B2B, and managed file transfer products.

Buy $1.4B