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jmac · Posted: Mon Sep 23, 2002 6:19 am Post subject: News item: IBM Buys HOLOSOFX

This should be of interest to all of us, since HOLOSOFX "could" provide a Buildtime replacement.

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Acquisition of Holosofx extends WebSphere portfolio

IBM has acquired all outstanding shares of Holosofx Inc., a privately-held provider of business integration software.

Holosofx's operations will be integrated immediately with IBM Software Group, and Holosofx products are available today from IBM. Financial details were not disclosed.

Holosofx's business process modeling and monitoring tools complement IBM's WebSphere integration software portfolio. For example, global financial institutions require straight through processing for settling payments, and insurance companies need to create compliance programs under the federal Health Insurance Portability and Accountability Act.

With the addition of Holosofx products, IBM's WebSphere Business Integration platform will provide end-to-end capability for a customer to design, deploy, monitor and improve business processes across the enterprise and with its business partners.

This is the third integration-related acquisition by IBM Software Group in the last nine months. IBM closed its acquisition of CrossWorlds Software for business process integration in January and its acquisition of Metamerge for directory integration in June..

Based in El Segundo, Ca., Holosofx was founded in 1990. Its customers include Fortune 1000 and leading international companies such as Aetna US Healthcare, CNA Life, JP Morgan, Morgan Stanley Dean Witter, National Australia Bank Group, Telstra, Toyota and Wachovia Bank. It operates a software development lab in Cairo, Egypt.

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John McDonald
RETIRED