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M&A Deal Summary

IBM Acquires Diligent Technologies

On April 18, 2008, IBM acquired software company Diligent Technologies

Acquisition Highlights
  • This is IBM’s 53rd transaction in the Software sector.
  • This is IBM’s 56th transaction in the United States.
  • This is IBM’s 10th transaction in Massachusetts.

M&A Deal Summary
Date 2008-04-18
Target Diligent Technologies
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition
Advisor(s) Mooreland Partners LLC (Financial)

Target

Diligent Technologies

Framingham, Massachusetts, United States
Diligent Technologies Corp. is a developer of in-line data de-duplication software that is integrated with server and storage infrastructures to help organizations significantly reduce the amount and cost of physical storage required in data centers.

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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 77 of 204
Sector: Software M&A 53 of 111
Type: Add-on Acquisition M&A Deals 65 of 181
State: Massachusetts M&A 10 of 26
Country: United States M&A 56 of 147
Year: 2008 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-03 Telelogic AB

Malmo, Sweden

Telelogic AB is a provider of software to develop technical systems and enterprise architecture, and has more than 8,000 customers worldwide.

Buy $845M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-21 FilesX

Newton, Massachusetts, United States

FilesX, Inc. is specializes in continuous data protection and nearly instant data and application recovery software for enterprises and remote/branch offices.

Buy -
Mergr

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