Tuesday, November 18, 2008
IBM to buy Transitive Corp.
Triangle Business Journal
IBM will buy technology company Transitive Corp. for an undisclosed sum, Big Blue announced Tuesday.
IBM (NYSE: IBM) says Transitive works in the field of virtualization, technology that breaks the traditional bonds of software and hardware. Transitive’s technology allows applications written for one operating system, for example, to run on various platforms.
Such technology can boost business productivity.
The purchase of Transitive, which is based in Los Gatos, Calif., will boost IBM’s own virtualization efforts, Big Blue says.
IBM, which has headquarters in Armonk, N.Y., employs 11,000 people in the Triangle.
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