Divestiture • Software

IBM Acquires Wallop Software - Wallop Build-IT

On October 26, 1998, IBM acquired software company Wallop Software - Wallop Build-IT from Wallop Software

Acquisition Context
  • This is IBM’s 2nd transaction in the Software sector.
  • This is IBM’s 5th transaction in the United States.
  • This is IBM’s 3rd transaction in California.

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M&A Deal Summary

Date October 26, 1998
Target Wallop Software - Wallop Build-IT
Sector Software
Buyer(s) IBM
Sellers(s) Wallop Software
Deal Type Divestiture

Target Company

Wallop Software - Wallop Build-IT

Foster City, California, United States
Wallop Build-IT is a Web content assembly and management tool from Wallop Software, Inc.
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Buyer Overview 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 Context for Buyer #
Overall 5 of 204
Sector: Software 2 of 111
Type: Divestiture 1 of 19
State: California 3 of 48
Country: United States 5 of 147
Year: 1998 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Altis Semiconductor SNC

Corbeil Essonnes, France

Altis Semiconductor SNC is a manufacturer of semiconductor components for communications, automotive and security applications in 250 to 130 nanometer technologies.

Buy -

Seller Profile 1

SELLER

Wallop Software

Foster City, California, United States

Category Company
Sector Software
DESCRIPTION

Wallop Software, Inc. provides tools for the development of Web-based business applications.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 1998 1 of 1