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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Mon., Oct. 5, 7:13 PM

Slide #3. IBM Cleversafe, Inc.

Acquirer: IBM (NYSE:IBM)
Acquiree: Cleversafe, Inc.
Details: IBM (NYSE: IBM) today announced it has entered into a definitive agreement to acquire Cleversafe, Inc., a leading developer and manufacturer of object-based storage software and appliances. The acquisition will strengthen IBM's leadership positions in storage and hybrid cloud and support clients' drive to next generation mobile, social and analytics applications. Financial terms of the deal were not disclosed.

International Business Machines operates in five business segments: global technology services, which provides information technology infrastructure and business process services; global business services, which provides business outcomes to Co.'s clients across two primary business areas: Consulting and Systems Integration and Application Management Services; software, which consists of middleware and operating systems software; systems and technology, which provides clients with infrastructure technologies to help meet the requirements of data, cloud and engagement; and global financing, which facilitates clients' acquisition of information technology systems, software and services.

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Company Name:  International Business Machines Corp.
Stock buyback:  IBM buyback
Sector:  Information Technology Services
Number of ETFs Holding IBM:  86
Total Market Value Held by ETFs:  $5.24B
Total Market Capitalization:  $140.65B
% of Market Cap. Held by ETFs:  3.72%

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October 5, 2015    7:13 PM Eastern
Quotes delayed 20 minutes

Hold (2.50 out of 4)
18th percentile
(ranked lower than approx. 82% of all stocks covered)
Based on Zacks ABR data;
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