Fergie's Tech Blog

IBM Makes Major SCADA Move -- Buys MRO Software for $740M

An AP newswire article by Mark Jewell, via Yahoo! News, reports that:

International Business Machines Corp. on Thursday agreed to buy MRO Software Inc. for $740 million, giving IBM a niche provider of software and services to help customers including nuclear power plants and oil companies make the most efficient use of industrial assets.

The acquisition is expected to close in the fourth quarter, subject to approval of MRO's shareholders and regulatory reviews.

IBM, which has been a business partner of MRO in recent years, plans to fold MRO into IBM's Tivoli software unit.

posted by Fergie @ 8/03/2006 03:51:00 PM