IBM Corp. said yesterday it will buy Micromuse Inc. for $865 million, or $10 per share.
Micromuse specializes in service assurance for next-generation IP services in industries including telecom, finance, government and retail.
IBM said combining Micromuse’s software with its IT service management technology will help customers reduce the complexity of their IT environments, lower operational costs and comply with regulatory requirements. The acquisition is expected to close in the first quarter of 2006.
“Today's networks are no longer just pipelines of data – customers are incorporating data, voice and video into their business operations at an astounding pace," said Al Zollar, general manager of IBM Tivoli software. "The combination of Micromuse and IBM Tivoli will help companies manage these sophisticated IT environments, deploy new business service management solutions, and deliver new network-based services to customers, employees and trading partners."
IBM Corp. www.ibm.com
Micromuse Inc. www.micromuse.com
