IBM announced it has signed a definitive agreement to acquire the software assets of CrossAccess Corporation, a privately held company in Santa Clara, California.

The acquisition is expected to close later this month. Financial details were not disclosed.

CrossAccess is a provider of infrastructure software that enables corporations to access information stored in mainframe databases and make it available for use with new business applications. According to industry estimates, nearly 60 percent of corporate business information resides on mainframes today.

The acquisition further strengthens IBM's enterprise information integration capabilities, a key strategic priority for its data management efforts and the company's on demand computing initiatives.

According to industry analysts, the market opportunity for business integration software is expected to exceed $10 billion by 2006. IDC also estimates that companies are now spending as much as 40 percent of their annual IT budgets on integration.

With today's acquisition, IBM is further extending its information integration capabilities to help companies manage all forms of information across the enterprise. DB2 Information Integrator software enables organizations to build on their existing IT infrastructure and reduce the time and costs associated with integrating their diverse data environments.

With CrossAccess technology integrated into DB2 Information Integrator software, IBM will be uniquely positioned to deliver the most comprehensive enterprise information integration infrastructure in the industry. No other software vendor provides this depth and breadth of integration capabilities.

Once the acquisition is completed, IBM plans to:

  • Integrate CrossAccess' software assets and personnel into the Data Management Software group, which is led by General Manger, Janet Perna;
  • Market and sell CrossAccess technology worldwide through the IBM sales force;
  • Integrate CrossAccess technology into IBM's DB2 Information Integrator software.

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