October 11, 2011 – IBM announced Tuesday a definitive agreement to buy private shared computing management provider Platform Computing, a specialist in cluster and grid management software for distributed computing environments.

Platform’s technical and high performance computing applications enable the creation, integration and management of shared and resource intensive environments for computer simulations, modeling and analytics, especially in the fields of financial services, manufacturing, digital media, life sciences, and energy.

IBM stated in a news release on the proposed deal that it would combine Platform’s software for managing the complexity of large data volumes as part of its overall Smarter Planet strategy.

Dr. Songnian Zhou, CEO of Platform Computing, stated that the deal would “better serve our customers by leveraging the IBM solution portfolio and extend the reach of our pioneering distributed computing software for broader enterprise adoption.”

Platform’s operations and 500 employees will be integrated into IBM’s systems and technology group.

Based in Toronto, Platform Computing has culled more than 2,000 customers, such as CERN, Citigroup, Pratt & Whitney, and the Sanger Institute, in its nearly 20 years in the cluster and grid management software space.

IBM cited research from IDC that pegs the technical computing market for servers, storage and systems software at more than $14 billion for 2011.

The deal is subject to customary approvals and expected to close in the fourth quarter Financial details were not disclosed by either company.

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