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IBM to Acquire Blade Network Technologies

September 28, 2010

IBM has entered into a definitive agreement to acquire BLADE Network Technologies (BLADE), a privately held company based in Santa Clara, Calif.. BLADE specializes in software and devices that route data and transactions to and from servers. The acquisition is anticipated to close in the fourth quarter of this year, subject to the satisfaction of customary closing conditions and applicable regulatory reviews. Financial terms were not disclosed.

BLADE provides blade servers and top-of-rack switches, as well as software to virtualize and manage cloud computing and other workloads. Customers include more than half of the companies on the Fortune 500 list across 26 industry verticals, including health care, automotive, telecom services, education, government, defense and finance. IBM and BLADE have worked together since 2002, resulting in thousands of clients. More than 50 percent of IBM x BladeCenters currently attach to or use BLADE products.

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