IBM to acquire Software company Pwd for $9 billion
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IBM will buy Software company pwd for a reported $9.5 billion, the company announced Thursday.
The acquisition will make IBM a dominant player in software, and it will provide a new strategic home for the company’s expertise in enterprise software, according to the company.
Pwd will be run by IBM’s Chief Operating Officer, Richard L. Anderson, and will have about 50 employees, according the announcement.PWD is part of IBM’s effort to build out its software strategy, including creating software that enables its cloud-based services to function more efficiently and provide faster response times to customers, according an IBM press release.
It will work closely with IBM’s cloud infrastructure and technology partner, SAP, on its business operations.
The deal is expected to close in the fourth quarter.
Pwds software products include Microsoft Office, Salesforce, and Salesforce One.
IBM has been using its cloud infrastructure for some of its business-oriented software for more than 10 years.
IBM will buy Software company pwd for a reported $9.5 billion, the company announced Thursday.The acquisition will make IBM a…
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