IBM has completed its $129 million acquisition of CrossWorlds Software.

IBM says the addition of CrossWorlds builds on its middleware offerings and WebSphere, the company's e-business infrastructure software suite. CrossWorlds will be integrated into the IBM Software Group, a $13 billion business in 2000.

CrossWorlds is a provider of software which enables companies to automate business processes that integrate multiple applications, such as those for managing customer relationships and supply chains, as well as to integrate business processes unique to individual industries such as telecommunications, financial services and industrial sectors.

Analysts estimates that software supporting the unique business-process integration requirements of specific industries represents the fastest growing sub-segment of e-business infrastructure software with an annual growth of 25 percent.

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