International Business Machines Corp., based in Armonk, NY, has completed its $1 billion purchase of Informix Corp.’s database software business, according to Reuters.
Informix has more than 100,000 database software customers. IBM’s acquisition doubles the size of its database marketing software business. IBM is said to be trying to steal market share from rivals Oracle Corp. and Microsoft Corp.
Approximately 2,500 Informix employees were added to IBM’s software data management division.
IBM will continue to support Informix customers while working on plans to wrap the acquired technology into its flagship DB2 universal database.
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