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IBM to Acquire Micromuse
ARMONK, NY -- IBM and Micromuse announced that the two companies have entered into a definitive agreement for IBM to acquire the equity of Micromuse Inc., a publicly held company based in San Francisco, in an all-cash transaction at a price of approximately $865 million, or $10 per share. The acquisition is subject to Micromuse shareholder and regulatory approvals and other customary closing conditions. It is expected to close in the first quarter of the 2006 calendar year.
Micromuse is a provider of network management software used by banks, telecommunications carriers, governments, retailers and other organizations to monitor and manage their technology infrastructures. The software helps customers manage increasingly complex IT systems that support the proliferation of voice and video traffic, in addition to data, due to the growing adoption of voice over IP (VoIP), audio and video services delivered over the Internet.
The delivery of network-based services -- such as data, voice and video -- over the Internet in real time is creating new avenues for content, such as enabling workers to use mobile devices to access their company’s network, tap into a live video feed of a sales conference, or pose a question to a group via phone or instant message.
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