IBM buys Markham neighbour Platform Computing

IBM announced today that they are acquiring Canadian neighbour Platform Computing - IBM Canada's headquarters are a couple hundred metres from Platform Computing Markham office.

Platform Computing provides cluster and grid management software, which aids clients managing shared computing environments and in data organization and analysis. Platform's applications are used in product development, finance, science and manufacturing, among other disciplines

"IBM considers the acquisition of Platform Computing to be a strategic element for the transformation of [high performance computing] into the high growth segment of technical computing and an important part of our smarter computing strategy," said Helene Armitage, general manager of IBM Systems Software.

Financial terms of the deal were not disclosed, however with 500 employees in 15 offices worldwide, over 2,500 clients and revenues of over $70 million in 2010, Platform Computing didn't come cheap.

IBM Canada
Markham, Ontario, Canada

IBM Canada Ltd. is a leading provider of advanced information technology products and services. As a technology-based solutions company, IBM is dedicated to helping its customers solve their business problems, pursue new market opportunities and become more productive through the innovative application of e-business and Internet technology. Headquartered in Markham, Ontario, IBM Canada has... more

Platform Computing
Toronto, Ontario, Canada

Platform Computing delivers intelligent, practical enterprise grid software and services that allow our clients to plan, build, run and manage grids. Through our proven process and methodology, we link IT to core business objectives. Driven by a passion for accelerating intelligence, we give our customers the insight and confidence they need to enhance service capabilities, reduce costs and... more

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Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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