International Business Machines Corporation (IBM), a US-based information technology and consulting company, has acquired the strategic messaging service assets of Outblaze Limited, a Hong Kong-based provider of online messaging and collaboration services.
Announcement (January 15, 2009):
IBM is planning to acquire the strategic messaging service assets of Outblaze.
The Outblaze messaging service will be part of IBM Lotus' project Bluehouse, an online social networking and collaboration service designed for business.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2009-04-16
Deal Participants
Target (Company) Outblaze Limited - Messaging Service Assets
Acquirer (Company) International Business Machines Corporation
Vendor (Company) Outblaze Limited
Deal Rationale
The acquisition of the Outblaze assets would accelerate IBM Lotus' ability to deliver affordable, web-based e-mail services in a software-as-a-service (SaaS) model.
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