IBM (IBM) to Acquire Dublin-Based Software Provider Curam
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IBM (NYSE: IBM) has signed a definitive agreement to acquire Curam Software Ltd. to help governments improve the efficiency, effectiveness and accessibility of social programs for smarter cities. Financial terms were not disclosed.
After the acquisition is completed, Curam Software will be integrated into IBM's Software Group, which is a key driver of growth and profitability for the company. Curam has approximately 700 employees. In addition to its headquarters in Dublin, the company has offices in Herndon, VA.; Toronto; Frankfurt, Germany; Canberra, Australia and Bangalore, India. The acquisition is anticipated to close by the end of December subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
After the acquisition is completed, Curam Software will be integrated into IBM's Software Group, which is a key driver of growth and profitability for the company. Curam has approximately 700 employees. In addition to its headquarters in Dublin, the company has offices in Herndon, VA.; Toronto; Frankfurt, Germany; Canberra, Australia and Bangalore, India. The acquisition is anticipated to close by the end of December subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
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