IBM to buy Rational for $2.1B
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Manufacturing News, Source : TheManufacturer.com
Published : 09 Dec 2002 22:22
IBM has announced plans to buy Rational Software, a development tools vendor, for $2.1 billion cash.
The acquisition will not only give IBM a quality product but also customer demand for a wholly integrated infrastructure environment, which plays into IBM’s goal of on-demand computing. A former partner of Oracle, BEA, and Microsoft, Rational played a vital role in distributed Internet-based application developments.
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