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M&A Deal Summary

IBM Acquires Software Artistry

On January 27, 1998, IBM acquired information technology company Software Artistry

Acquisition Highlights
  • This is IBM’s 2nd transaction in the Information Technology sector.
  • This is IBM’s 3rd transaction in the United States.
  • This is IBM’s 1st transaction in Indiana.

M&A Deal Summary
Date 1998-01-27
Target Software Artistry
Sector Information Technology
Buyer(s) IBM
Deal Type Merger

Target

Software Artistry

Indianapolis, Indiana, United States
Software Artistry, Inc. is a developer of enterprise-wide software for problem tracking and resolution.

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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 3 of 203
Sector: Information Technology M&A 2 of 47
Type: Merger M&A Deals 1 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 3 of 146
Year: 1998 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-04-01 NetObjects

Redwood City, California, United States

NetObjects, Inc. is a developer of Web site building products that are based on the first visual, site-oriented approach to building Web sites, unlike first generation, text-based, page-oriented tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-11 CommQuest Technologies

Encinitas, California, United States

CommQuest Technologies, Inc. is a designer and marketer of advanced semiconductors for wireless communications applications such as cellular phones and satellite communications.

Buy -
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