December 21, 2007 - IBM entered into an agreement to acquire Solid Information Technology, a privately-held company based in Cupertino, CA and Helsinki, Finland that provides in-memory database software.
The acquisition of Solid Information Technology supports IBMs global information on demand strategy by adding real-time data access capabilities to the companys portfolio of database and information management offerings.
Solid Information Technology is the twelfth acquisition announced by IBM in 2007. The acquisition supports the companys growth strategy and capital allocation model. It is expected to contribute to the companys objective for earnings-per-share growth through 2010, according to IBM.
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