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Monday, July 16, 2007

IBM to Acquire DataMirror

IBM and DataMirror Corporation yesterday announced an agreement for IBM to acquire DataMirror based in Markham, Ontario. Under the Arrangement Agreement, IBM will acquire all of the outstanding DataMirror common shares at a price of C$27.00 per common share payable in cash, amounting to total consideration of approximately C$170 million (approximately $161 million USD).

DataMirror is a leading provider of real-time technology that identifies and captures data that has been added, updated or deleted and allows the changed data to be delivered in real time to processes, applications and databases, ensuring that continuous, accurate and trusted information is available for decision-making. Since 1993, more than 2,200 customers around the world have turned to DataMirror to unlock the full potential of their data without impacting the performance or stability of their mission-critical operational systems.

Following completion of the acquisition, IBM intends to:
  • Integrate DataMirror with IBM's Information Management Software unit led by General Manager Ambuj Goyal.
  • Employ DataMirror software to support IBM Information Server, IBM's first-of-a-kind information integration platform, making it easier for clients to apply real-time data integration techniques from a single platform across their businesses.
  • Utilize DataMirror technology to bring heterogeneous real time change data capture to clients.
DataMirror has approximately 220 employees and more than 2,200 customers including Debenhams, FedEx Ground, First American Bank, Priority Health, Tiffany & Co., and Union Pacific Railroad... [more]

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