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IBM acquires Informix database business

IBM Corporation has announced that it has entered into a definitive agreement with Informix Corporation to acquire the assets of its database business in a cash transaction valued at $1 billion.

The acquisition strengthens IBM in the fast-growing distributed database business. IBM's distributed database revenues worldwide grew 36 per cent year-to-year in the first quarter of 2001.

"Customers are aggressively investing in data management software because data collection, storage and use are at the core of a successful e-business," said Abraham Thomas, managing director & CEO, IBM India Limited. "This acquisition of Informix allows IBM to bring the benefits of leadership database technologies to more customers faster."

Once the acquisition is completed, IBM will integrate Informix database business operations and personnel into the existing IBM Software data management division; market and sell Informix's database products worldwide through an integrated IBM and Informix sales force, and maintain existing relationships with Informix customers and business partners, including support for and updating of current Informix products.

Informix Software is a leading provider of database management systems for data warehousing, business intelligence and transaction processing. With an installed base of more than 100,000 customers worldwide, Informix delivers high-performance database systems to customers in retail, financial services, government, healthcare, manufacturing, media and publishing, telecommunications and other businesses.

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