IBM lights a Candle under management software
Published: 01 Apr 2004 16:45 BST
IBM will acquire longtime partner Candle to further build its roster of management tools, IBM said on Thursday.
Candle, based in California sells software for managing back-end corporate systems, including tools designed to improve mainframe application performance. The company, which has been an IBM business partner since its founding in 1976, sells management tools that work with many of IBM's software products, such as its WebSphere Java server software line, DB2 database and Tivoli management suite.
IBM said it would sell Candle's tools as a complement to its own middleware products. Robert LeBlanc, general manager of IBM's Tivoli division, will lead the integration of Candle's products into IBM, a company representative said.
Candle has about 3,000 customers and about 800 employees. Financial terms of the deal were not disclosed.
The acquisition of Candle is the latest in a string purchases made by IBM's nearly $15bn software group in the past year. In March, IBM bought supply chain company Trigo. In December, it acquired document management software company Green Pastures. Both companies were also IBM partners.
IBM expects the latest acquisition to be completed in the second quarter.
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