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M&A Deal Summary

IBM Acquires Cleversafe

On October 5, 2015, IBM acquired information technology company Cleversafe

Acquisition Highlights
  • This is IBM’s 19th transaction in the Information Technology sector.
  • This is IBM’s 108th transaction in the United States.
  • This is IBM’s 5th transaction in Illinois.

M&A Deal Summary
Date 2015-10-05
Target Cleversafe
Sector Information Technology
Buyer(s) IBM
Deal Type Add-on Acquisition

Target

Cleversafe

Chicago, Illinois, United States
Cleversafe is a provider of data storage solutions. The Company offers web-scale storage solutions to enterprises and service providers worldwide. Cleversafe was formed in 2004 and is based in Chicago.

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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 144 of 204
Sector: Information Technology M&A 19 of 48
Type: Add-on Acquisition M&A Deals 128 of 181
State: Illinois M&A 5 of 9
Country: United States M&A 108 of 147
Year: 2015 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Meteorix

Boston, Massachusetts, United States

Meteorix, Inc. is a provider of workday implementation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 Merge Healthcare

Chicago, Illinois, United States

Merge Healthcare, Inc. is a provider of information software solutions that automate healthcare data and diagnostic workflow in the U.S. and internationally. Its products improve the process of transferring and integrating data into broader health IT applications.

Buy $1.0B
Mergr

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